In August, Swiss watch exports decreased by 16.4%, reaching 1.57 billion francs, due to the 39% tariffs imposed in the USA and the ongoing decline in the Chinese market. All major markets recorded significant declines, with China experiencing a drop of 35.6%. Analysts suggest that this decline was expected following previous increases. The watchmaking industry, which represents 10% of Switzerland's exports, is facing major obstacles, and one manufacturer launched a special watch to draw attention to the tariff situation.
Sources
Latest News
11:50
The Prime Minister of the Republic of Moldova, Vasile Tofan, about the Union before the visit to Bucharest: "The question is too important [...] the citizens of the Republic of Moldova and Romania must respond."
11:46
61% of Romanians working abroad have invested in Romania, but do not intend to return.
11:25
July 30 - World Day Against Trafficking in Persons (UN) / ANITP: The number of identified victims of human trafficking in the first half of 2026 has increased by 32%
11:18
Andrei Pleșu: The Political Class. Thesaurus of Synonyms
11:18
BTS will not participate in the 2027 Grammy Awards, after the introduction of the new category "Best Asian Pop Music Performance"
See more news