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Swiss Watch Exports To U.S. Surge Ahead Of 39% Tariff
- Swiss watch exports to America have more than halved in September, according to the Federation of the Swiss Watch Industry.
- This decline followed a 24% decrease in August watch exports to the US.
- Exports to the US were significantly impacted by steep tariffs imposed by President Donald Trump.
- The decline of 56% in sales to the US negated export gains to Asia, particularly China and South Korea, as reported by the Federation of the Swiss Watch Industry.
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US tariffs take big bite out of Swiss exports
Stiff US tariffs on Switzerland badly hurt the Alpine country's exports in the third quarter, official figures showed Tuesday, with Swiss watchmakers in particular suffering.
·Calhoun, United States
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Swiss watch exports fell again in September after US President Trump's customs hammer hit watch manufacturers in August. However, the decline was limited thanks to Asia and Great Britain.
The Swiss economy continues to suffer from Donald Trump's tariffs. The export of watches continued to decline, as the latest figures show.
·Zürich, Switzerland
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Total News Sources36
Leaning Left4Leaning Right8Center5Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 24%
C 29%
R 47%
Factuality
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