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Business News: Switzerland Moves Closer To U.S. Trade Deal That Could Bring Tariff Relief For Watch Industry

Summary by HODINKEE
After positive bilateral talks between the two countries, Switzerland is moving closer to securing a trade deal with the U.S. that could bring relief to Swiss watchmakers stung by tariffs. U.S. Treasury Secretary Scott Bessent told reporters in Geneva on Monday that Switzerland had moved to the front of the pack among nations seeking to win a trade agreement with the U.S. as he unveiled a pause and reduction in tariffs against China following we…
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HODINKEE broke the news in on Monday, May 12, 2025.
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