Global Markets Open Strong as Switzerland Grapples with US Tariffs and Economic Outlook

By / / Breaking News

Key Takeaways

  • Major US stock indices opened higher on August 7, 2025, with the S&P 500, NASDAQ, and Dow Jones all posting gains between 0.52% and 0.78% after market open.
  • Switzerland's export-driven economy is under significant strain from new US tariffs, with almost 60% of Swiss exports to the United States now facing additional tariffs.
  • The Swiss government is actively planning relief measures for businesses, including a potential increase in the short-term work compensation period, and aims to reduce business burdens using existing and new laws.
  • Despite economic concerns, Switzerland has confirmed its ongoing purchase of F-35 jets.
  • The Swiss government is not currently considering retaliatory tariff countermeasures but emphasizes continued dialogue with the United States to address the trade situation.

Major U.S. stock indices saw a positive start to trading on Thursday, August 7, 2025. The S&P 500 opened up 32.89 points, or 0.52%, reaching 6,377.95. Similarly, the NASDAQ climbed 165.70 points, a 0.78% increase, to 21,335.12, while the Dow Jones Industrial Average rose 269.16 points, or 0.61%, to 44,462.28 after market open.

Meanwhile, Switzerland's government is expressing growing concern over the impact of new U.S. tariffs on its export-driven economy. Officials stated that as of today, "almost 60% of Swiss exports to the United States face extra tariffs." The government warned that extended tariffs could worsen the economic outlook compared to its June predictions.

In response to these economic pressures, the Swiss government is preparing to discuss relief measures for businesses and review its economic policies soon. The Federal Council plans to utilize "all its power under new and existing laws to reduce business burdens." Additionally, the government announced a plan to increase the short-term work compensation period, aiming to provide further support to businesses.

Despite the significant strain on its economy, the Swiss government has stated that it is "not thinking about imposing tariff countermeasures in response to United States tariff hikes" at this time. Instead, the Federal Council intends to "keep talking with the United States" to seek a resolution. In other news, Switzerland has confirmed its continual purchase of F-35 jets.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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