Swiss Stock Market Plunges After Trump's Tariff Offensive

(MENAFN- Swissinfo) The Swiss stock market opened in the red on Thursday, following the announcement of tariffs imposed by the United States on the products of many of its trading partners. This content was published on April 3, 2025 - 10:39 2 minutes Keystone-SDA

• Français fr Jeudi noir à la Bourse suisse, sonnée par les droits de douane Original Read more: Jeudi noir à la Bourse suisse, sonnée par les droits de douan

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Depending on the response by other countries, there is a great risk that a trade war will suffocate the global economy.

+ Trump slaps 31% tariff on Switzerland

At around 9.20am, the SMI was deepening its loss, tumbling 1.69% to 12,375.19 points, after opening down 1.45%. The SLI lost 2.03% to 1987.98 points and the SPI 1.8% to 16,486.43 points.

Of the 30 stocks in the Swiss Leader Index, barely a handful were in the green.

More More What is a tariff? A quick guide

This content was published on Mar 12, 2025 Tariffs play a key role in US President Donald Trump's economic strategy and diplomatic moves. But who truly benefits, and who pays the price?

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Computer peripherals manufacturer Logitech, fell by 9.9%. The company will be hard hit by the new taxes because of the structure of its business, with production largely in China and a large proportion of sales in the US.

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Translated from French with DeepL/mga

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