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.