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Watches of Switzerland shares slump as Trump ups tariffs

City A.M. Friday, 1 August 2025 ()
Watches of Switzerland shares slump as Trump ups tariffsWatches of Switzerland saw its share price drop more than seven per cent in early trade as investors shied away from the effect of Trump’s sweeping new tariffs. On Friday morning, Trump announced a new tariff rate of 39 per cent for Swiss exports to the US – higher than the initial ‘Liberation Day’ tariff [...]
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