Swiss Luxury Watch Industry Braces for Catastrophic Job Cuts as US Tariff Deadline Looms
Swiss Luxury Watch Industry Braces for Catastrophic Job Cuts as US Tariff Deadline Looms The luxury Swiss watch industry is currently grappling with the severe repercussions of heavy U.S. tariffs, with industry leaders expressing dire warnings ahead of a critical September deadline. Geneva-based K2 Luxury, a prominent dealer of high-end pre-owned Swiss watches, has already halted shipments to U.S. clients, anticipating “catastrophic” consequences for exporting brands if a favorable deal isn’t secured. Shahzaib Khan of K2 Luxury predicts a potential…