Swiss Watch Industry Calls For 'Clear Solution' With US

(MENAFN- Swissinfo) With the suspension of United States tariffs only a few days away, the president of the Federation of the Watch Industry (FH) has called for a clear solution and a swift agreement between Bern and Washington. This content was published on June 26, 2025 - 14:15 3 minutes Keystone-SDA

• Italiano it Industria orologiera auspica“soluzione chiara” tra Svizzera e USA Original Read more: Industria orologiera auspica“soluzione chiara” tra Svizzera e US

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“We need a clear solution. The 90-day deadline expires on July 9, so we still have 13 days from today,” Yves Bugmann told the financial agency AWP on the sidelines of the FH general assembly in Lausanne.

It is clear that Bugmann's fear refers to the looming threat of customs duties – announced in April and then frozen for three months – by US President Donald Trump, and which threaten to hit Swiss exports with heavy rates.

The Swiss watch industry is, therefore, has“'the hours counted'”counting the hours”.

+ Six things you should know about the watchmaking industry

Should Switzerland fail to reach an agreement with the US before time runs out,“it would be necessary to extend the deadline”, argues Bugmann.

In his view, applying duties that would force price adjustments for the market and consumers would create a catastrophic and“unliveable” situation.

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