Swiss Watch Exports Fell Again in October on US Tariff Hit (1)

Swiss watch exports fell for a third month as US President Donald Trump’s trade tariffs continued to weigh on the industry.

Watch exports fell 4.4% in October from a year earlier to 2.2 billion Swiss francs ($2.7 billion), the Federation of the Swiss Watch Industry said Thursday. Exports to the US — the largest market — slumped 47%. China, though, grew for a second month, adding to recent signs that a luxury downturn may be easing.

US tariffs have been the dominant narrative in the Swiss watch industry since Trump imposed a 39% import levy on Switzerland — higher ...