Senator demands answers after Trump accepted Rolex and gold bar before slashing tariffs on Switzerland - Trump’s love of ...
Rolex and Swiss business leaders influenced President Donald Trump's decision to lower tariffs.
A 39% U.S. tariff on Swiss imports takes effect August 7, hitting luxury watch brands hard. Swiss exports to the U.S. topped $6 billion last year, with brands like Rolex now facing pricing pressure.
The 31 percent tariff imposed on Switzerland by U.S. President Donald Trump’s new policy has shaken the luxury watch industry. While new Swiss watches will face steep price increases — a $10,000 Rolex ...