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Watches of Switzerland Group Plc’s profit margin will potentially be hit by US import tariffs this year, as watchmakers raise prices and demand resellers absorb some of the pain in the key market.
The UK-based luxury watch retailer said its margin on earnings before interest and taxes risks slipping by as much as 100 basis points compared with the previous 12 months. That scenario assumes the US keeps tariffs at 10 percent when President Donald Trump’s deadline to conclude trade deals…
