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Swiss watchmaker Swatch Group’s chief executive Nick Hayek has a tariff problem. And the clock is ticking.
US President Donald Trump unleashed a 39 percent tariff on most Swiss-made products last week, which will come into effect on Thursday. The country – known for its luxury timepieces, chocolate and secretive banks – is racing to gain a reprieve.
Trump’s tariffs – aimed, he says, at erasing global trade imbalances – have rattled companies around the world and sparked scrambles to shift…
