Pharma Drives Swiss Growth Recovery After US Tariff Shock
Original Report
Switzerland’s pharmaceutical industry drove a recovery after outsized US tariffs plunged its export-focused economy into only the second contraction since the pandemic.
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
The Buyers Behind Gold’s $5,000 Breakthrough
No longer a “hide under your mattress” asset, the precious metal is enticing a whole new crop of global traders.
UK’s February Gas Exports to EU Hit Three-Year Seasonal High
Natural gas exports from the UK to continental Europe in February rose to the highest level for this time of year since 2023, as the country benefited from ample supply and milder weather.
Tusk Says EU Loans Won’t Impact Polish Defense Deals With US
The European Union’s defense loan program won’t affect Polish purchases of US weapons or cooperation between Warsaw and Washington, Prime Minister Donald Tusk said on Friday.
China Halts Canada Canola Meal Tariffs, Adding to Trade Thaw
China said it would drop tariffs on Canadian rapeseed meal and lobsters, easing disruptions to agricultural trade after Prime Minister Mark Carney’s January visit.