U.S. and Switzerland working on a deal to slash 39% tariffs [CNBC]
SWATCH GROUP AG UNSP/ADR (SWGAY)
NASDAQ:AMEX Investor Relations:
swatchgroup.com/investor_relations/financial_announcements/latest_financial_announcements
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Source: CNBC
Shares of Swiss firms Swatch Group and Richemont traded higher at the market open on Tuesday. U.S. President Donald Trump looks on during the swearing-in ceremony of U.S. Ambassador to India Sergio Gor in the Oval Office of the White House on Nov. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.S. and Switzerland are getting close to signing a trade deal to lower tariffs of 39% that President Donald Trump slapped on the country in August. The president confirmed on Monday that White House officials were “working on a deal to get the tariffs a little lower.” “I haven't set any number, but we're going to be working on something to help Switzerland,” he told reporters in the Oval Office. “We hit Switzerland very hard. But we want Switzerland to remain successful,” he added, saying the country had been a “very good ally.” The tariff on Swiss exports could be cut to 15%, matching the rate that was imposed on EU exports to the U.S., according to various media
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News
- US investor Wood lambastes Swatch, proposes overhaul to company's board, FT reports [CNBC]CNBC
- Could Easing US Tariffs Reveal a Competitive Advantage for Swatch Group (SWX:UHR)? [Yahoo! Finance]Yahoo! Finance
- Swiss watchmaker stocks rally as Trump dangles relief from steep 39% US tariff [Yahoo! Finance]Yahoo! Finance
- USTR Greer Talks Trade With Swiss as Swatch CEO Blasts Approach [Yahoo! Finance]Yahoo! Finance
- USTR Greer Talks Trade With Swiss as Swatch CEO Blasts Approach [Yahoo! Finance Canada]Yahoo! Finance Canada