This paper examines the extent to which changes in international market relative prices lead to shifts in firms’ skill requirements through trade, in the context of an exogenous currency appreciation. On January 15, 2015 the Swiss National Bank unexpectedly abandoned the exchange rate floor with the Euro, causing a 15% increase of the value of the Swiss franc, which remained relatively stable in the subsequent years. This unforeseen appreciation immediately impacted the relative price of trade, creating new incentives and opportunities for import, while simultaneously reducing expected profits for firms exposed to foreign competition. I study how this sharp change in trade conditions affected skill requirements in Switzerland using novel data on trade and labor demand. Specifically, I merge trade data containing information on each single import or export transaction made by Swiss firms to firm-specific job postings data. I find that in the two years after the shock firms with a workforce more exposed to offshorability and automation, increased imports and posted more job ads for highly skilled workers. For these firms, a 10 percent increase in monthly import translates into a 2.1 percent reduction in the routine intensity of their labor demand.