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Swiss luxury watchmakers’ shares, including Richemont, and Swatch, were volatile in early trade on Monday, reflecting the challenge for the industry after US President Donald Trump set a 39 percent tariff on Swiss imports.
The sector, which exported watches worth 26 billion Swiss francs ($33 billion) in 2024, is already under pressure from a stronger franc and falling global demand.
Watch exports are on track to hit their lowest levels since the pandemic in 2020.
“The impact of the US…
