Global Economic Briefing July 7, 2025 04:01 AM GMT M Global Idea The Weekly Worldview: The Tariff Show Must Go On Short-term "deals" are limited in scope and leave several questions unanswered. Comprehensive trade deals that reduce trade uncertainty will take much longer to finalize, and will require clarity on ongoing investigations and legal challenges. M The headlines have already started to trickle in: Canada repeals digital services tax, Vietnam agreement secured, EU on track. These seem like the previ ...

The head of America’s largest bank has a gloomy forecast for the U.S. economy.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“I think there’s a real chance numbers will deteriorate soon,” J.P. Morgan Chase CEO Jam ...

Core Insights - Swiss brand On is emerging as a global challenger in the sportswear market, reporting a net sales increase of over 40% to 726.6 million Swiss francs (US$869 million) for the three-month period ended March 31 compared to the previous year [1] - The brand has successfully captured market share from established competitors like Nike and Adidas through innovative product designs and favorable market timing [1][2] - Nike and Adidas still hold a combined 58% of global market share, while On accounts for less than 3%, but On's earnings growth rate has outpaced both companies in recent quarters [3] Company Performance - On's initial success was driven by the unique aesthetic of its shoes, which stood out in the market [2] - The company benefited from a shift in retailer focus towards emerging, high-growth brands during the years following its 2021 IPO [3] Competitive Landscape - Nike is currently implementing a turnaround plan under new CEO Elliott Hill, which could present challenges for On [3] - The sportswear industry, including On, faces uncertainty regarding tariffs, particularly as 90% of On's sneakers are manufactured in Vietnam, which could be subject to a 46% import duty [4]