Swiss Gird for Stocks to Fall as Markets Reopen After Tariff Hit

Swiss stock investors are bracing for Monday’s market reopening after US President Donald Trump slapped a punitive 39% export tariff on the country, among the highest in the world.

Trump’s tariff rollout landed on a holiday, Swiss National Day, which means any market fallout will only be felt once trading resumes on Monday. While Trump’s fresh tariff salvo left baseline rates unchanged for many of the US’s trading partners, some like Canada and Switzerland got hit with significantly higher duties.

Switzerland, known for its luxury watches, rich chocolates and banking giants, is one of the US’s biggest trade partners. Last ...