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Swiss Exports Plummet 36% Following Trump Tariffs, Trade Surplus Hits Record
Swiss Exports Plummet 36% Following Trump Tariffs, Trade Surplus Hits Record
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Swiss exports to the U.S. collapsed by 36% in April, marking the steepest monthly decline since President Donald Trump’s tariff policy took effect. The downturn follows two months of unusually strong shipments as Swiss exporters rushed to beat the anticipated trade barriers.
Imports from the U.S. fell 15%, according to Switzerland’s customs office. The resulting trade surplus surged to a record 6.3 billion Swiss francs ($7.7 billion) as overall trade activity contracted.
Bern now seeks a bilateral trade agreement with Washington. The abrupt reversal highlights how tariff threats can create artificial export bubbles followed by severe corrections—a dynamic cryptocurrency traders know well from boom-bust cycles in digital asset markets.
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