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Thursday July 10 2025

Swiss Watch sellers incur losses due to Donald Trump's tariffs

8 July 2025 18:50 (UTC+04:00)
Swiss Watch sellers incur losses due to Donald Trump's tariffs

Sellers of Swiss watches in Lucerne have endured three difficult months following increased pressure on the luxury goods sector, triggered by US President Donald Trump's threat to impose high tariffs. This uncertainty has led to a decline in the number of tourists, who visit the city not only for its scenic beauty but also to purchase high-end watches, Azernews reports.

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