What is the Trump tariffs ruling?

A La7 report says a US federal court halted most Trump-era tariffs, pending further process. If upheld, it would reduce duty-related costs across many categories and improve cross-border planning. The immediate market angle is better sentiment for multinationals and cyclicals as trade policy impact looks less restrictive.

How could the ruling affect Swiss exporter stocks?

Lower tariff pressure can support volumes, margins, and order visibility for Swiss exporters with US exposure. Currency remains a swing factor, as a stronger CHF can offset part of the benefit. We expect investors to rotate toward quality industrials and luxury names while monitoring company guidance on pricing and inventory.

What does it mean for the S&P 500 outlook?

The ruling lifts risk appetite for trade-sensitive sectors, aiding the S&P 500 outlook. Technicals show constructive momentum (RSI 56.89, positive MACD) but weak trend strength, so confirmation on breakouts is key. Watch closes near Bollinger levels and use defined stops as legal appeals could reintroduce volatility.

What should Swiss investors watch next?

Track official court documents, any appeal timelines, currency moves in USD/CHF, and updates from major exporters during Q1 calls. Monitor sector breadth in the US open, liquidity conditions, and inventory commentary. If the Trump tariffs ruling weakens, rotate back toward defensives and maintain tighter risk limits.

Law and Government

^GSPC Today, January 01: US Court Halts Trump Tariffs; Trade Eases

ByHuzaifa Zahoor January 1, 2026January 1, 2026

Trump tariffs ruling is in focus after Italian broadcaster La7 reported a US federal court halted most Trump-era duties, easing trade tension. For Swiss investors, this could support global cyclicals and reduce input cost risks. We watch exporter stocks, currency moves in CHF, and the S&P 500 outlook as US and European markets reopen. We also map key technical levels on the ^GSPC to frame risk and opportunity. Here is our concise, data-led playbook for CH portfolios.