Reported 26 days ago
Swatch CEO Nick Hayek expressed optimism for a swift U.S.-Swiss trade deal to avoid a looming 39% import tariff on Swiss goods. While the tariff is set to take effect shortly, Hayek believes Swatch's current inventory in the U.S. and their market growth can mitigate immediate impacts. He urged the Swiss government to take proactive measures to negotiate with the U.S., emphasizing that an agreement is still possible despite the tariff announcement.
Source: YAHOO