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Swatch will hike its prices in the United States by between 5 percent and 15 percent after the 39 percent tariff President Donald Trump imposed on Switzerland last month, the Swiss watchmaker’s Chief Executive Nick Hayek said in a newspaper interview.
Hayek told the NZZ am Sonntag newspaper at the weekend that the US tariffs could be mitigated through transfer prices, margins and the cost of the company’s products.
“Depending on the brand, we will increase prices in the range of 5 to 15…
