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U.S. Imposes 39% Tariff on Swiss Watches, Sparking Industry Outrage

1 min read
Source: Business Insider
U.S. Imposes 39% Tariff on Swiss Watches, Sparking Industry Outrage
Photo: Business Insider
TL;DR

The US has imposed a 39% tariff on Swiss imports, including luxury watches like Rolex and Cartier, which could lead to higher prices for new Swiss-made watches in the US and a surge in demand and prices in the pre-owned market. This tariff increase, set to take effect on August 7, may cause a significant shift in the watch market, with collectors turning to secondhand options as prices for new watches rise.

Topics:businessworld#luxury-watches#pre-owned-market#rolex#swiss-watches#tariffs#world
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  1. Watch industry in 'shock' over 39% tariff on Swiss imports like Rolexes  Business Insider
  2. Confusion and anger in Switzerland - hit by highest tariffs in Europe  BBC
  3. Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World  The New York Times
  4. Buying a Swiss Watch in America Is About to Get a Lot More Expensive  The Wall Street Journal
  5. Americans face price rises for luxury watches after Trump’s Swiss tariffs  Financial Times

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