Swift 4.0 modules were fine in Swift 3.2 apps with Xcode 9.0.
But now, with Xcode 9.1, I get:
Module compiled with Swift 4.0 cannot be importe
It's possible to build using Swift 3.2 in Xcode 9.1 beta 2 by installing the Xcode 9.0 toolchain and using that to build your project.
Then choose the Swift 4.0 release under the Xcode -> Toolchains menu.
You should now be able to build with either Swift 3.2 or 4.0 in Xcode 9.1 b2.