Trump's Tariff Turnaround: A Watchful Decision

Trump's stance on Swiss tariffs took a surprising twist. It all started when he met with Swiss businesses, including Rolex. He was at the World Economic Forum in Davos, Switzerland. There, he shared how his mind changed about the tariffs. Initially, Trump had planned a high tariff rate. He even considered a 39% rate on Swiss imports. But after talking to Swiss companies, he lowered it. He said he didn't want to hurt people. Now, the tariff rate is at 15%. But Trump hinted it could go up again.Some U. S. watch sellers worry about higher tariffs. They think it could lead to price hikes for consumers. Rolex, one of the Swiss watchmakers, didn't comment on the matter. Last year, Swiss business leaders met with Trump. Rolex gave him a special desk clock. It was modeled after one of their iconic watches. Trump praised Swiss watchmakers at Davos. He called their watches beautiful and great. Trump's decision shows how business meetings can influence policy. It's a reminder that tariffs can have real effects on consumers. The story also highlights the power of Swiss watchmaking. Their products are valued worldwide.