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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: nicewatch who wrote (216628)	9/18/2025 3:07:14 AM
From: TobagoJack	Respond to of 218055

Re insatiable grail watch, perhaps another one, but let’s see about the tsunami bloomberg.com Swiss Watch Exports Plunge on Weak China Demand, US Tariffs A Rolex store in Shanghai. Photographer: Raul Ariano/Bloomberg By Allegra Catelli September 18, 2025 at 2:53 PM GMT+8 Swiss watch exports tumbled in August as Chinese demand remained weak and stiff US tariffs went into effect. Exports fell about 17% from a year earlier, the Federation of the Swiss Watch Industry said in a statement Thursday. All main markets saw double-digit declines, with China down 36% and the US — the watch industry’s largest market — falling 24%. To an extent, the plunge reflected an expected rebalancing following the high level of exports seen in April and July, ahead of anticipated tariffs, according to the statement. Still, “the broad-based downturn underscores the formidable headwinds the Swiss watch industry continues to face,” Vontobel analyst Jean-Philippe Bertschy said in a note. “Recent reports from several watch brands suggested pockets of resilient US demand and a tentative stabilization in China. Today’s data, however, largely negate those signals,” he said. The 39% levies the US applied on Switzerland — higher than the European Union and other developed economies — went into effect on Aug. 7 and have shaken the watchmaking industry. Many producers had rushed to build up inventory in the US to avoid tariffs. Read: Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last (1) One opted for a creative way to nudge the Swiss government to reach an agreement with the US. Swatch Group AG last week unveiled a special tariff edition priced at 139 Swiss francs ($176) and sold only in Switzerland. On the dial, the numbers three and nine are reversed — a nod to the 39% duty. The model will be pulled from stores once a new deal is struck, according to a spokesperson. Last Friday, US Commerce Secretary Howard Lutnick struck a more positive tone and predicted the US will eventually reach trade deal with Switzerland. The latest talks were described as “constructive.” Read: Swiss Exports to US Collapsed in First Month of 39% Tariff