BEAMSTART Logo

HomeNews

Swiss watches will face some of the highest U.S. tariffs at 31%—and its ripple effects will change the industry’s dynamic

Fortune LogoFortune3w ago

Swiss watches will face some of the highest U.S. tariffs at 31%—and its ripple effects will change the industry’s dynamic - Fortune

Quick Summary:

"Savvy buyers looking for value—and availability—will quickly pivot to secondhand," one Rolex watch dealer told Fortune.

In 2024, the value of Swiss watch exports to the States rose 5% to CHF 4.3 billion ($5.2 billion).

In the meantime, while the watch market adjusts to the new volatility, the CEO of another secondhand platform is already starting to see changes in shopping behavior.

More Pictures

Swiss watches will face some of the highest U.S. tariffs at 31%—and its ripple effects will change the industry’s dynamic - Fortune (Picture 1)

or

Article Details

Author / Journalist: Prarthana Prakash

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 09:41:20 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 6 lines

Sentence Length: 123 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27648316

View Article Analysis

About Fortune

Fortune Logo

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 15 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Swiss watches will face some of the highest U.S. tariffs at 31%—and its ripple effects will change the industry’s dynamic" has 733 words across 6 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Swiss watches will face some of the highest U.S. tariffs at 31%—and its ripple effects will change the industry’s dynamic" was covered 3 weeks ago by Fortune, a news publisher based in United States.

How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news.

The outlet is headquartered in United States and publishes an average of 15 news stories per day.

It's most recent story was published 12 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27648316
  • URL: https://beamstart.com/news/swiss-watches-will-face-some-17440198735473

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.