President Trump’s reciprocal tariffs kick in. India is still facing the prospect of levies being raised to 50 per cent while Swiss President Karin Keller-Sutter leaves Washington after failing to lower her country’s 39 per cent tariff. Germany’s Rheinmetall sees sales grow by more than a third in H1 on increased demand across Europe. Siemens confirms its FY guidance with quarterly orders surging by 28 per cent. However, its key profit indicator for its industrial unit falls by 7 per cent on the year.  

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