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Swiss watchmakers race to ship before Trump’s 39pc tariff takes toll

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Swiss watchmakers race to ship before Trump’s 39pc tariff takes toll

AI Summary

Swiss watchmaker DuBois et fils rushed shipments to the US before new tariffs took effect, highlighting the impact of the 39% levy on businesses. CEO Thomas Steinemann halted US website orders and is recalculating prices, stating the company won't absorb the increased cost. The US market, a significant driver for DuBois, is now severely impacted. The price of the DBF008 watch, for example, is expected to rise from US$10,800 to US$14,500. The Swiss watch industry is grappling with the tariffs, considering price increases, halting US orders, and exploring alternative markets.

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