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Showing posts with label watch business impact. Show all posts
Showing posts with label watch business impact. Show all posts

Sunday, August 03, 2025

Trump’s 39% Tariff On Swiss Imports Shocks Watch Industry

President Trump’s new plan to impose a 39% duty on all Swiss imports is raising alarm in the Swiss watch business.

What’s Changing

  • The tariff is higher than the 31% rate Trump threatened earlier.

  • This will be one of the highest import duties in the world.

  • The US is the largest buyer of Swiss watches.

Why It Matters

  • Swiss watchmakers face a steep drop in US sales.

  • Companies may be forced to cut jobs or scale back operations.

  • Smaller brands that rely heavily on US buyers will struggle to compete.

What’s Driving the Move

  • Trump wants total control over trade decisions.

  • Talking to other US officials makes little difference if Trump isn’t on board.

  • Keeping people uncertain keeps Trump at the center of attention.

What This Means for You

  • Are you a watch collector or retailer in the US?

  • Expect higher prices on Swiss watches.

  • Some models may become harder to find.

  • Will this push buyers toward Japanese or German brands instead?

Final Thought

. The tariff isn’t just a trade policy.
. It’s a signal that the White House plays by its own rules.
. Swiss watchmakers now face an uncertain future in their biggest market.