Swiss luxury watchmakers upbeat on possible U.S. tariff cut

The Swiss watch industry is showing renewed optimism as talks progress to reduce U.S. import duties from 39 % to 15 % on Swiss exports—potentially as early as the end of this week. Discussions between Swiss government officials and U.S. authorities have been described as “very constructive.” Under the current structure, Swiss watchmakers, many of which count the U.S. as their largest market, were at a disadvantage compared to competitors from Germany, Austria, Italy and Japan, where import tariffs are already at 15 %. Though no deal is final until U.S. President Donald Trump signs off, the industry is hopeful that resolution of the trade barrier could arrive swiftly. The change would be welcomed by major players in the luxury watch space, who saw their share prices rise on news of the potential agreement. #SwissWatches #TradeTariffs #LuxuryGoods #USSwitzerlandTrade #SlimScan #GrowthStocks #CANSLIM