Swiss Luxury Watches Thrive in US Despite Tariffs
Markets & Money Today | 2 Min News | The Daily News Now! - En podcast av The Daily News Now! - Fredagar
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Despite US tariffs on Swiss imports, including a 39% tax on luxury watches, sales of Swiss watches in the US have surged, with the Watches of Switzerland Group reporting a 20% increase in sales. The US now accounts for nearly half of the groups total sales and 60% of its adjusted earnings, highlighting the resilience of luxury watch brands like Rolex and Omega in the American market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
