Tuesday, August 5, 2025
HomeBreaking NewsMarket: The Zurich Stock Exchange falls after Trump raised customs duties to...

Market: The Zurich Stock Exchange falls after Trump raised customs duties to imports to the country 39%

However,

Market: zurich stock exchange falls:

(BFM Stock Exchange) – Swiss square suffers this Monday. Similarly, August 4 after the United States imposed heavy customs from customs on Swiss imports at 39%, among the highest in the world.

Far from being the most fit European place of the moment (the SMI, its flagship index, has taken 0.5% since the start of the year. However, a performance that even the CAC 40 BAT), the Zurich Stock Exchange suffers, this Monday, August 4. In addition,

The Swiss place drops by 1% around 10:20 am after opening more than 2%. Meanwhile, The Swiss Stock Exchange is penalized by the announcement. In addition, which fell on the night of Thursday to Friday, important customs surcharge on imports of the country. Furthermore,

The Swiss place could not react on Friday to this decision because the Zurich Stock Exchange was closed. market: zurich stock exchange falls Meanwhile, on August 1 being a public holiday in the country due to national holidays.

>> Access our exclusive graphic analyzes. and enter into the confidence of the trading portfolio

Severe treatment – Market: zurich stock exchange falls

The Trump administration has signed a decree on new reciprocal customs duties establishing customs duties of 39% on Swiss imports. Only three countries suffer from higher customs duties, namely Syria (41%), Laos and Myanmar (40% both). This figure is also higher than the 31% decided previously, in April, by the Trump administration.

President Donald Trump justified the severity of the treatment inflicted Switzerland by the “large” trade deficit between the two. countries of “$ 40 billion” (more precisely $ 38.5 billion, according to the American trade department). Cited by the Tribune de Genève. Karin Keller-Sutter, the president of the Swiss Confederation rejected the American position, calling it “absurd”.

A large part of the trade deficit is market: zurich stock exchange falls linked to pharmaceutical products. which are currently exempt from customs surcharge, even if Donald Trump has repeatedly threatened to establish them. According to a PWC study, drugs and pharmaceuticals represent a third of American imports from Switzerland. About 8%of American pharmaceutical imports are from Switzerland, the third country behind Ireland (20%) and Germany (11%).

“If the 39% remain in the state of course. this will be a shock for the Swiss economy,” said RTS John Plassard, head of the Investment Strategy of the Cité Gestion. Afterwards, “we dare to imagine that there will be negotiations with the Federal Council,” he added.

The problem remains that the Swiss Confederation may have to get closer to the rate of 15% that. the European Union has obtained from Washington. This creates a “competitive disadvantage” for the Swiss, according to a note published Friday by UBS and quoted by Bloomberg.

Julien Marion – market: zurich stock exchange falls © 2025 BFM Bourse

Further reading: This former detainee from a Russian prison has lost everything: “No more houses, no more car, more job …”In pictures | Searches in cannabis farms are running to the riot in CaliforniaThe Chinese Temu platform accused by the EU to offer its users “illegal products”Blue did not calculateVideos of Israeli hostages in Gaza: Netanyahu asks for the CICR help.

maren.brooks
maren.brooks
Maren livestreams Nebraska storm-chasing trips, pairing adrenaline shots with climate-policy footnotes.
Facebook
Twitter
Instagram
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments