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The steep US tariffs are scheduled to hit Switzerland and the recovery of Marquee’s obsession with 31% Levy.
Switzerland, famously remains neutral to most things, including European join, facing one of the highest leanies on the continent. Its top business Lobby described Levi as “harmful and unreasonable.”
From cheese to chocolate and drugs, all the largest exports to Switzerland face shockwaves after President Donald Trump’s announcement last week. The US is the largest export market to Switzerland for watches, which makes their trade relations important in the country.
In 2024, the amount of Swiss Watch Exports to states Rose 5% in CHF 4.3 billion ($ 5.2 billion).
The demand from the Chinese market also slowly refused since Covid-19 pandemic, so see companies returned to Americans to sell their sales.
Richemont, the Swiss Company behind IWC and Jaeger-Lecoultre, observed This fashion at the previous year’s sale. In addition, because of the history and heritage of these brands, the shepherds cannot distance their production from Switzerland because the skill of the industry is centered there.
The biggest viewing company is likely to hiking the prices of their beautiful high-end watches, but the business professor of osak industry and a specialist in the business industry, told Fate.
“Exclusive luxury brands like Patek Philippe, Audemars Piguet and Richard Mille have no worries.” On the other hand, it’s a blow for the middle or exclusive brands of swatch groups, a company that is greatly difficulty. “
The swatch owner of brands of different price ranges – from tissot to prepare swatch brand and omega. It is reeling from a drop of Chinese demand, with Net Sales Flow 14% last year. If the tariffs hit, some of these watches become more expensive, that it cannot be reached for the average US to trade in the US.
The last time a similar level of tariffs were imposed almost 100 years In the past when the SMOOT-Hawley action is entered. Tariffs are thought to be triggered by the Great Depression in the early 1930s. In time, Switzerland US products are robbed in opposition the steps.
“This is why a significant reduction in international trade and affected industries depends on exports and imports, including Bob’s Bob employer?
He expects the need for prowch-an area that often attracts viewers to see-the spike as a result of tariffs.
“If the new market looks slowly under the weight of the tariffs, the pre-owned market can look good in the way we have not found,” Altieri said.
Meanwhile, while the watch market adjusts the new order, the CEO of another platform of the second began to see behavioral changes.
“A client agrees to sell me a pepssi in Rolex GMT-Master that is an additional $ 2,000 to $ 4,000 dollars in an added evening … to think of Webertinots.com.
Donzé, who has recently written a book in Rolex, not sure that the secondhand market is a big winner because it is always known to sell on market watches.
“Sa ikaduhang merkado, ang mga relo labi ka labi ka mahal kaysa sa bag-o (tungod sa usa ka taas nga panginahanglan, apan ang mga modelo, tungod kay ang mga modelo sa pag-undang,” ingon ang gipangayo sa mga modelo sa ikaduhang kamot, “ingon nga ang mga modelo, tungod kay ang mga modelo sa pag-undang,” ingon usab sa usa ka email.
Any way to answer, Switzerland has a lot of lines. President Kulin Keller-Sutter said his government planned to respond to Trump’s announcement of tariffs.
“The longest interest of the country’s economic interest is most important. Following international law and free trade remains trading values,” he said to a post to x.
This story originally shown Fortune.com
