The recent announcement of President Trump's tariffs on imports, particularly affecting the luxury Swiss watch industry, has caused uncertainty among market executives. With the U.S. accounting for one-sixth of the global Swiss watch market, the 31 percent import tax raises concerns about pricing stability amid an industry downturn. Despite the troubling news, the Watches & Wonders trade show showcased notable new designs, including Rolex's innovative Land-Dweller, which features a groundbreaking 'Dynapulse' escapement, marking a significant step in mechanical watch technology.
Rolex's Land-Dweller reimagines classic design with innovative Calibre 7135, featuring the new 'Dynapulse' escapement for enhanced performance and accuracy.
Luxury watch executives expressed concern over the impact of Trump's tariffs, unsure how it would affect prices and sales in their most important market.
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