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U.S. tariff hits Swiss watch exports in September (SWGAY:OTCMKTS)

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U.S. tariff hits Swiss watch exports in September (SWGAY:OTCMKTS)
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Oct. 21, 2025 3:39 AM ETThe Swatch Group AG (SWGAY) Stock, WOSGF StockEWL, MOV, TPR, FOSL, LVMUY, CFNCF, ESLOY, HESAY, FTCHQBy: Arundhati Sarkar, SA News Editor

Zorica Nastasic/iStock via Getty Images

Swiss watch exports fell in September, weighed down by the Trump administration’s 39% tariff on imports from Switzerland to the U.S., the industry’s largest market. Exports fell 3.1% year-on-year to 2 billion Swiss francs ($2.5 billion), the Federation of the Swiss Watch Industry



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