Swiss watch industry braces for Trump tariff blow
Manufacturers and dealers are threatened by increased levy in a market worth more than $5bn
Manufacturers and dealers are threatened by increased levy in a market worth more than $5bn

The country’s makers of high-end timepieces should avoid the ‘horror scenario’ facing their fellow exporters

New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April

Pharma groups among hardest hit after US president demanded price cuts

Bern offers to buy more American weapons and energy in attempt to persuade Washington to lower its import levies

Officials worry that country’s historic strengths have become liabilities in age of trade wars

European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward