Swiss Watch Industry Boosted by US Tariff Reduction Rumors
Update: 2025-11-11
Description
Swiss Watch Industry Sees Stock Surge as US Tariff Deal Hopes RiseThe Swiss watch industry experienced a significant stock market boost on November eleventh, following signals from the US government indicating a potential agreement to reduce tariffs on Swiss goods, particularly watches. This news comes as a relief for the industry, which has faced challenges recently, including a fifty-six percent drop in US watch exports in September compared to the previous year. Former President Donald Trumps statement about a deal to lower tariffs and the confirmation of a deal in the works by the Department of Economic Affairs in Bern have provided a glimmer of hope for Swiss manufacturers. A potential tariff reduction could significantly alleviate financial pressures and bring stability to the crucial US export market.
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