Trading Swiss shares fall slightly after US tariff verdict against EU
The stock market started the new week lower on Monday. The reason for this is the US announcement that it will impose extra tariffs of 30% on EU goods from August 1. The market had actually hoped for an early defusing of the trade conflict.
14.07.2025, 09:03
14.07.2025, 09:56
SDA
Overall, however, the losses are relatively moderate. The cautious reaction of the EU and the fact that US President Donald Trump has become accustomed to his negotiating tactics have softened the financial markets' reactions, according to stock market circles. In Switzerland, meanwhile, the wait for the customs letter from the USA continues.
The half-year results of Novartis, ABB, Schindler and Richemont are also expected this week. However, global trade policy remains central. "Tariffs remain the number one topic this week", according to an assessment by Helaba Bank.
If an agreement is not reached between the EU and the US by August 1, there is a threat of countermeasures. Uncertainty therefore remains high, especially as the tariffs would have a negative impact on the economy and inflation.
The SMI lost 0.19 percent to 11,915 points by around 9.40 am. The leading European indices are also lower. The German DAX lost 0.66 percent and the French CAC 0.46 percent.
