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Swiss watch exports dropped 3.1% in Sept. 2025, hit by a 56% plunge to the U.S. due to new tariffs.
Swiss watch exports fell 3.1% year-on-year in September 2025, totaling 1.99 billion Swiss francs, driven by a 56% drop in shipments to the U.S. due to a 39% tariff under new U.S. policy.
Despite gains in China and Hong Kong, the overall decline continued a trend, with the first nine months of 2025 showing a 1.2% drop.
Excluding the U.S., exports would have grown 7.8%.
Industry experts remain cautious amid ongoing trade tensions, weak consumer sentiment, and geopolitical risks, though upcoming earnings from major players may offer clearer insight.
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Las exportaciones de relojes suizos cayeron un 3,1% en septiembre de 2025, golpeadas por un desplome del 56% a los EE.UU. debido a los nuevos aranceles.