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Swiss stock exchange SIX: The tariff dispute between the USA and the EU is also weighing on the local markets. (archive picture)
Keystone
The Swiss stock market is set for a lower start to the week. The US's decision to impose tariffs on the EU is weighing on sentiment.
US President Trump wants to impose a 30% tariff on imports from the EU from August 1, as he announced on Saturday. This came as a negative surprise.
After weeks of negotiations, an agreement to defuse the trade conflict had actually been expected soon. Meanwhile, the wait for the customs letter from the USA continues in Switzerland.
At around 06.45 a.m., IG Bank calculated the SMI 0.38 percent lower at 11,879 points. The leading index had already fallen by 1.6 percent on Friday. In Europe, there are signs of a clearly negative opening for the Dax in Frankfurt.
However, according to market observers, there is no threat of an actual sell-off. One reason for this is the EU's cautious reaction. Despite the renewed escalation by Trump, the EU does not want to impose any counter-tariffs for the time being.
On the other hand, a calm market reaction is also possible because of "Taco", which stands for "Trump alway chickens out". In other words: when in doubt, Trump always backs down.
14.07.2025, 07:14
