Swiss stocks are collateral damage in a worsening trade row

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Switzerland has barred the trading of Swiss-listed companies’ shares on EU platforms

country famed for avoiding conflict. Yet on July 1st, in a serious escalation of a trade spat with the European Union, Switzerland barred the trading of Swiss-listed companies’ shares onplatforms.

The Swiss federal government wants to close the deal, says André Simonazzi of the Swiss Federal Council. But it has asked thefor clarification on provisions that have aroused domestic opposition, including on state subsidies and protections for wages and working conditions. Without tweaks the deal would probably be rejected by Swiss citizens in a referendum.

 

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