1659 GMT - President Trump's tariffs on imported goods could spell bad news for the industry, as the U.S. is the largest market for Swiss watches, Vontobel analyst Jean-Philippe Bertschy says. "We are very cautious in this sector," Bertschy says following Trump's announcement of 31% levies on Swiss products. Luxury companies could implement price increases to mitigate the effect from duties. Watches in the higher price segment should suffer less, as customers who buy these watches are less sensitive to price increases, the analyst says. In contrast, watches in the entry-level and mid-range segment could be more affected.(andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 12:59 ET (16:59 GMT)
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