Business News: Round-Up: Swiss Watch Exports To U.S. Surge Ahead Of Tariffs, Audemars Piguet Buys Key Supplier, Casio Names New U.S. Leader

Swiss watch exports to the U.S. spiked once more final month as manufacturers and retailers moved to fill up in the important thing market forward of tariffs slapped on imported items from Switzerland. Exports of watches and actions to the U.S. jumped 45% to CHF 555 million by worth in July in comparison with a yr in the past, the Federation of the Swiss Watch Business mentioned in a assertion. The weird surge in exports to the most important single marketplace for Swiss watches continues a unstable sample created abruptly import levies imposed by the Trump administration on its largest buying and selling companions that has prompted a 24% acquire in Swiss watch exports to the U.S. in 2025. Whereas different key watch-making areas and nations, together with the European Union and Japan, have been hit with 15% tariffs, the White Home imposed a 39% tariff on Swiss items on August 1, excluding gold and prescribed drugs, after efforts by Swiss politicians and enterprise leaders did not win a greater deal. That is the very best tariff degree the U.S. has initiated on an industrialized nation, because the 39% levy got here into impact on August 7.