Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
A Swiss Watchmaker's Race to Beat US Tariffs
Financial Express Pune
|August 09, 2025
As a US tariff deadline neared this week, Swiss watch manufacturer DuBois et fils rushed to ship five high-end watches worth thousands of dollars each to the US.
By Wednesday, the firm had blocked orders on its US website.
Now CEO Thomas Steinemann is calculating the price hikes he'll need to make.
The whipsaw week for the Swiss horologist, as US President Donald Trump slapped a surprise 39% trade tariff on imports from the European country, underscores how businesses big and small are being forced to adapt and rejig operations under pressure.
DuBois et fils, founded in 1785, accelerated shipments on Monday from its factory in Muttenz, near Basel, to get through customs before the US tariff on imports from Switzerland came into force.
The 39% rate—up from the baseline tariff rate of 10% since April—took effect on Thursday after the Swiss president came back from an emergency trip to Washington without a deal.
Esta historia es de la edición August 09, 2025 de Financial Express Pune.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Pune
Financial Express Pune
Power without the bulk
IQOO 15R STANDS OUT FOR ITS COMPACT BODY
1 mins
March 02, 2026
Financial Express Pune
Sebi has removed all key hurdles for FPIs: Pandey
THE SECURITIES AND Exchange Board of India (Sebi) has addressed several issues that foreign portfolio investors (FPIs) had perceived as impediments over the past year, Chairman Tuhin Kanta Pandey said.
1 mins
March 02, 2026
Financial Express Pune
BYD Feb car sales decline at steepest pace since Covid
CHINESE ELECTRIC VEHICLE maker BYD recorded the biggest fall in global sales in six years last month against a backdrop of fierce competition in the world’s largest auto market.
1 min
March 02, 2026
Financial Express Pune
Semicon 2.0 to boost deep tech startups: Vaishnaw
UNION MINISTER ASHWINI Vaishnaw on Sunday said the Centre's Semicon Mission 2.0 will focus on bolstering deep tech startups, prioritising the creation of a design ecosystem and getting equipment manufacturing and design facilities in the country.
1 min
March 02, 2026
Financial Express Pune
Strait of Hormuz blockade: Freight, insurance costs to soar
EXPORTERS MUST BRACE for higher freight and insurance costs as tensions in West Asia escalate following the US and Israel’s strikes on Iran. Industry players say the disruption in the Strait of Hormuz, coupled with renewed Houthi threats in the Red Sea, could force vessels to reroute, pushing up freight rates and war-risk premiums on shipments to the US and Europe.
2 mins
March 02, 2026
Financial Express Pune
India-funded Chabahar terminal intact
ISRAELI ATTACKS AROUND the Iranian port city of Chabahar haven’t yet hit the India-funded Shahid Beheshti freight terminal.
1 min
March 02, 2026
Financial Express Pune
Brent prices flare up; Russian cargoes come back in focus
Every $10 rise to up annual import bill by $14 billion
1 min
March 02, 2026
Financial Express Pune
Recognising AI’s arrival in India
AI will be used in India’s agri-food system, not just in precision agriculture at the production stage but also at the logistics/marketing/processing stage
3 mins
March 02, 2026
Financial Express Pune
Telcos likely to buy under 40% of spectrum on sale
OPERATORS MAY SPEND ₹84K-CRAGAINST ₹2.19L-CR UP FOR AUCTION
3 mins
March 02, 2026
Financial Express Pune
A long war will be costly: Economists
AS WEST ASIA PLUNGED into a crisis, economists say India’s inflation, fiscal deficits as well as trade risks hinge less on the shock itself and more on the duration of the conflict.
2 mins
March 02, 2026
Listen
Translate
Change font size