Reported about 4 hours ago
Swiss watchmakers at a Geneva trade event expressed cautious optimism about the US market despite new tariffs imposed by the Trump administration. While the immediate impact of the 39% levy might be softened by existing stockpiles, industry leaders are concerned about long-term effects if the tariffs persist. Some brands, like Favre Leuba, have even halted plans to enter the US market, while others continue to push forward amid uncertainty. Swiss negotiators are actively seeking a better deal with US officials to mitigate the situation.
Source: YAHOO