Swiss watch exports to the U.S. fell 19% in August but grew 9% worldwide
CNBC reports that expensive Swiss watches have been hit especially hard by U.S. tariffs on Swiss goods. It says a series of tariffs over the past year brought the rate to up to 12.5%.
TLDR
CNBC reports that U.S. tariffs on Swiss goods reached up to 12.5% after a series of increases over the past year. Citing the Federation of the Swiss Watch Industry, CNBC says Swiss watch exports to the U.S. fell 19% in August, while worldwide exports grew 9%.
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