Swiss Watch Industry Grapples with New US Tariffs
Swiss Watch Industry Grapples with New US Tariffs The Swiss watch industry is facing a significant challenge as new tariffs imposed by the US administration, led by President Trump, came into effect this week. Despite last-minute diplomatic efforts by Swiss leader Karin Keller-Sutter, a 39 percent levy is now applied to all Swiss watch exports, including luxury brands like Rolex, Omega, and Patek Philippe, entering the United States. This development is poised to severely impact Swiss watchmakers, as the US…