Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Rolex luxury watches in a store in New York.
Photographer: Timothy A. Clary/AFP/Getty ImagesSwiss watch exports jumped by almost a fifth in April as shipments to the US more than doubled ahead of expanded tariffs threatened by President Donald Trump.
Total shipments rose 18% to reach 2.5 billion Swiss francs ($3 billion) for the month, according to the Federation of the Swiss Watch Industry, with exports to the US, the single biggest market, up a whopping 149%.