Swiss watchmaker stocks rally as Trump dangles relief from steep 39% US tariff
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Euronews.com
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Swiss watchmakers' stocks rose after President Trump hinted at a potential tariff deal with Switzerland. Swatch and Richemont saw significant gains, while Swiss watch exports to the US had previously dropped sharply. Trump expressed a desire to lower tariffs to support Switzerland, which is a key market for Swiss watches. Rolex's CEO also engaged with Trump, reflecting concerns over tariffs. The overall outlook for Swiss watch exports is cautiously optimistic as negotiations progress. Teljes cikk (Euronews.com)