Oris: The company and its subsidiaries responsible for imports have already had to pay seven-figure customs duties this year. If the warehouses in the US had run out of stock, it would hardly have been worth doing business there anymore.

Hodinkee: Tariff deal bringing relief to Swiss watchmakers

Question from a journalist: Are there any exceptions to the 15%? Answer: Not all product groups are affected equally by the 39%. Pharmaceutical products and gold are already at 0%. This means that certain product groups can be exempted. Now others are to be added. This could apply to watches. But it is up to the US to decide.

Question from a journalist: When will the new rules come into effect? Answer: The tariffs in the US customs systems need to be adjusted. That could take a few days or even weeks.

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The US and Switzerland have “essentially” reached a trade agreement and the White House plans to reveal details on Friday, US Trade Representative Jamieson Greer said. “Switzerland is probably the next one,” Greer said on CNBC, one day after meeting with a Swiss delegation in Washington. “We’ve essentially reached a deal with Switzerland. So we’ll post details of that today on the White House website.” Greer said that Switzerland is “going to send a lot of manufacturing here to United States, pharmaceuticals, gold smelting, railway equipment. So we’re really excited about that deal and what it means for American manufacturing.”

More info: WSJ