Swiss Watch Exports Fell Again in October on US Tariff Hit
Luxury watches on sale at a store on Fifth Avenue in New York.
Photographer: Bing Guan/BloombergSwiss watch exports fell for a third month as US President Donald Trump’s trade tariffs continued to weigh on the industry.
Watch exports fell 4.4% in October from a year earlier to 2.2 billion Swiss francs ($2.7 billion), the Federation of the Swiss Watch Industry said Thursday. Exports to the US — the largest market — slumped 47%. China, though, grew for a second month, adding to recent signs that a luxury downturn may be easing.