The world is watching as the U.S. prepares to impose tariffs on global trading partners starting Aug. 7. China, India, and Switzerland will be in sharp focus alongside any announcements on pharma and chip levies.

Switzerland is ready to make a "more attractive offer" in trade talks with Washington, its government said on Monday, following a crisis meeting aimed at averting a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven economy.

Looking for a textbook example of the uncertainty Trump has created with his global trade war – abetted by wars in Ukraine and Gaza – look no further than Switzerland.