Mature soybeans remain unharvested near North Maple Grove Road after a rain shower on October 28, 2025, in Ellettsville, Indiana. <\/p>\n
Jeremy Hogan | Getty Images<\/p>\n
After a few weeks of intense focus on whether there is an AI bubble in the markets or not, a recurrent character of 2025 has emerged to the fore: tariffs.\u00a0<\/p>\n
On Friday stateside, tech stocks recovered slightly after the Nasdaq hit its lowest level in about 3 weeks, perhaps indicating that the AI-fueled volatility could be nearing an end.\u00a0<\/p>\n
However, just as AI steps away from the spotlight, tariffs enter the stage, like the next act in a Shakespearean play.\u00a0<\/p>\n
The Trump administration reached a deal with Switzerland Friday stateside to lower duties on Swiss exports to 15% from 39%, in return for a $200 billion investment in the U.S. by the end of 2028.\u00a0<\/p>\n
On the homefront, Trump also started to roll back tariffs on goods such as coffee, fruits and certain beef products after acknowledging that prices, specifically coffee, “were a little bit high.”<\/p>\n
These rollbacks mark a sharp reversal in stance for the U.S. President and his officials, which\u00a0said<\/a>\u00a0that\u00a0tariffs will not raise prices<\/a>.\u00a0<\/p>\n In a way, the U.S. President may try to change the laws of politics with his sweeping tariff moves, but even he cannot change the laws of economics.<\/p>\n What you need to know today<\/p>\n Epstein files release. U.S. President Donald Trump called on Republicans<\/a> in Congress to vote to release files related to deceased convicted sex offender Jeffrey Epstein, a sharp reversal from previous resistance within his inner circle<\/a>.<\/p>\n Alibaba reportedly helping China military. Alibaba<\/a>\u00a0is helping the Chinese military<\/a> to target the U.S., according to a White House memo, the\u00a0Financial Times reported<\/a> Friday. “The assertions and innuendoes in the article are completely false,” Alibaba said in a statement to CNBC on the FT report.<\/p>\n Japan GDP falls. Japan’s economy<\/a> contracted by a smaller-than-expected 1.8% in the third quarter on an annualized basis, with growth in private and government consumption limiting the decline. On a quarter-on-quarter basis, GDP in the three months to September contracted for the first time in six quarters, falling 0.4%.<\/p>\n Nasdaq recovers. The tech heavy index<\/a> rebounded on Friday as investors bought up shares of key technology stocks, a day after the group led Wall Street to its worst day in more than a month. Asia-Pacific markets were mixed Monday<\/a> as investors assessed rising friction between Japan and China.\u00a0<\/p>\n [PRO] AI and EM for the next decade. Artificial intelligence and emerging markets are set to define the next decade, according to Goldman Sachs’ 10 year investment outlook report<\/a>.<\/p>\n