Business News: Rolex And Richemont Executives Among Swiss Business Leaders Meeting With Trump
Swiss business leaders, including executives from Rolex and Richemont, recently met with U.S. President Donald Trump to express their support for ongoing trade discussions between the U.S. and Switzerland. This meeting, initiated by the Swiss executives, aimed to reinforce the strong economic ties between the two nations and advocate for a bilateral trade agreement that could enhance collaboration. The gathering comes in the wake of significant tariffs imposed on Swiss imports, which have notably affected the watch industry. The high tariffs, set at 39% for Swiss goods, have prompted watchmakers to adjust their strategies, including raising prices and increasing shipments to U.S. retailers to avoid higher duties. The meeting signals a potential shift in trade relations, highlighting the importance of private sector connections in fostering mutual prosperity. The Swiss delegation, which included major names in the watch industry, communicated the discussions' outcomes to the Swiss Federal Council, reaffirming their commitment to supporting governmental efforts for a more unified economic relationship.
