U.S. Imposes 39% Tariff on Swiss Watches, Sparking Industry Outrage
TL;DR Summary
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.
- Watch industry in 'shock' over 39% tariff on Swiss imports like Rolexes Business Insider
- Confusion and anger in Switzerland - hit by highest tariffs in Europe BBC
- Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World The New York Times
- Buying a Swiss Watch in America Is About to Get a Lot More Expensive The Wall Street Journal
- Americans face price rises for luxury watches after Trump’s Swiss tariffs Financial Times
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