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Live Updates  >  Live Update Details

2025-08-01 16:27:28

Trump imposes 39% tariff on Swiss watches, sending retailers' stocks plummeting. (1) After US President Trump announced a 39% tariff on Swiss imports, Swiss Watch Group's stock price plummeted 6%. (2) The group, a major retailer of Rolex and other luxury Swiss watches in the UK and US, was the first to be hit by these tariffs. (3) Due to the closure of Swiss financial markets, manufacturers such as Richemont and Swatch Group were not affected. (4) This spring, Trump threatened a 31% tariff, which initially surged but then fell back in Swiss watch exports. (5) Analysts estimate that if the 39% tariff is implemented, prices in the US could rise by over 20%, but this policy remains a negotiating tactic.

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