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