The Swiss stock market reduced its losses as midday approached, following a decline triggered by Donald Trump's renewed trade war through tariffs on Canada, Mexico, and China, raising fears of a global economic downturn. In macroeconomic news, China's manufacturing activity slowed, with the PMI dropping to 50.1, while Eurozone inflation rose to 2.5%. In Switzerland, property prices increased by 1.7% in Q4, and the services sector showed strong growth, contrasting with the struggling industrial sector.