Previous post Next post

Swiss watchmaking industry grapples with spike in US trade tariffs

The 39% tariffs on Swiss exports to the United States, introduced in August, are a heavy blow for Swiss watchmakers. Industry journalist Alexey Tarkhanov went to the Geneva Watch Days trade fair to get a feel for the mood. The announcement had already cast a shadow over Swiss National Day, August 1. One month later, during the Geneva Watch Days 2025, which ran from September 4-7, the question was on everybody’s lips, even overshadowing the launch of new collections: what will become of these watches on the US American market, the main destination for Swiss timepieces since the Chinese slowdown from 2022? Watchmaking accounts for around 7% of total Swiss exports, and nearly 17% of the value of watch exports goes to the United States. In 2024 this represented more than CHF4.3 billion ($5.4 billion). Several major brands already upped their prices in spring in response to the strong Swiss franc and the introduction of an initial 10% tariff. With the new duties announced by US ... Full story here Are you the author?
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3.) Swissinfo Business and Economy Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2025/09/swiss-watchmaking-industry-grapples-spike-trade-tariffs/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.