The climbing of the trade war between the United States and China, still mounted with a notch, continued to shake the world markets on Wednesday in the middle of the afternoon. The Swiss Stock Exchange was not spared, the SMI continuously evolving in the red zone.
Customs duties: “I know what I do,” defends Trump
“I know what I do, damn blood,” said Donald Trump in a speech in Washington on Tuesday, while massive customs duties come into force and have unscrewed the global scholarships.
09.04.2025
Additional American customs duties on imports of nearly 60 countries, including Switzerland, came into force this Wednesday. In the global markets, the panic wind continued to blow while climbing continued between China and the United States, Beijing having retaliated to the colossal American surcharges which are imposed on it by bringing its surcharge to 84% on American products.
At Wall Street, the clues were moving towards an opening in the red. Futures in Dow Jones, S&P 500 and Nasdaq lost 2.30%, 2.01%, and 1.75%respectively.
In Switzerland, the Center for Criminal Research (KOF) of the Research Institute of the Federal Polytechnic of Zurich has calculated real income losses for the Swiss economy of around 0.2 to 0.6% due to customs tariffs of 31% imposed. “If customs duties were introduced on pharmaceutical products, real income loss would increase considerably,” say KOF specialists in a study.
-A second risk, potentially more serious, stems from increasing geopolitical tensions between the United States and China, according to KOF. “The recent announcement of China to increase customs duties on American products from 34 to 84% would further aggravate losses for the two countries,” analyzes Professor Hans Gersbach. According to him, the impact on Switzerland is negative because the demand for exporting Swiss products from the two countries will decrease.
For Eric Winograd, chief economist of Alliancebernstein, the climbing of trade war presents long -term major risks. “For example, some countries may be forced to choose between the United States and China,” he said in a comment. According to him, these tensions will not turn into lasting conflicts, the world economy will be slowed down, but not paralyzed.
Around 3:00 p.m., the SMI fell 5.02% to 10,781.43 points. The SLI sold 4.70% to 1741.64 points, while the SPI fell from 4.83% to 14,469.24 points. The set of thirty features were playing in the red zone.
Swisscom (-1.4%) lost less terrain than the others, ahead of Geberit (-2.2%) and Lindt (-2.3%). The three heavy goods vehicles on the Roche (-6.5%) and Nestlé (-3.6%) could not reverse the trend.
Julius Bär (-7.1%), Novartis (-7.4%) and Adecco (-8.2%) fell into the background of the classification. The red lantern returned to Sandoz (-8.2%). On the enlarged market, Mobilezone (-16.7%) was one of the big losers. Curatis (-2.8%) and Gam (-4.8%) were also down.
In contrast, Idorsia took off 0.6% after having confirmed that the American drug gendarme, the Food & Drug Administration, has raised the so -called Rems requirement for its hypertension against hypertension Tryvio (APROCITEN) for pregnant or lactating women.
