Swiss watch industry sees tough times ahead over Trump tariffs

News Snapshot:

By Olivia Le Poidevin and Cecile Mantovani GENEVA (Reuters) - Swiss watch seller Sacha Davidoff was scrambling on Thursday to understand what new U.S. tariffs on Switzerland announced by President Donald Trump meant for the goods he was due to export from his shop in Geneva this week. "I made a deal and now we're stuck. We are supposed to ship the watch, but what do we do now? He (the client) won't want to pay 31% more. It doesn't feel real," Davidoff said. Shares in European luxury companies dropped on Thursday after Trump announced import tariffs, including 31% on...