Tag: Tariffs
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Tariff Relief Lifts Swiss Watch Exports – Politics Complicate the Picture
The United States has trimmed tariffs on Swiss imports to 15% from 39%, retroactive to November – and the industry has responded on cue. December Swiss watch exports rose 3.3% to 2.1 billion francs, with shipments to the U.S. up 19.1%. It is a welcome loosening of the vise, though still tighter than the roughly…
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Tariffs and Tick-Tocks: How Swiss Watches Are Facing Their Costliest Hour
For centuries, Swiss watches have stood as the ultimate symbol of precision, tradition, and style. But as of August 1st, their journey into the U.S. has become a lot more expensive. A new 39% tariff on Swiss timepieces has landed like a hammer blow on the industry, and the impact is already ticking louder than…