Swiss Watch Exports Fell in November Before US Tariff Reprieve
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A case of watches at a store in Geneva, Switzerland.Swiss watch exports fell for a fourth month as companies waited for the US agreement to ease punitive import tariffs to take effect.Exports dropped 7.3% in November from a year earlier, the Federation of the Swiss Watch Industry said Thursday, the most since August when President Donald Trump’s administration slapped a 39% levy on Switzerland’s products. Exports to the US, the industry’s biggest market, fell 52% last month.