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U.S.  Switzerland  agree to cut  tariffs on Swiss imports from 39% to 15%, relief for watch industry

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The U.S. and Switzerland have agreed to cut American tariffs on Swiss imports—including watches—from 39% to 15%, a major relief for the Swiss watch industry. While the timeline remains unclear, officials suggest the new duty may not take effect until early 2026.

 Industry experts say the reduction will prevent significant retail price hikes, especially after brands stockpiled inventory and raised prices to offset the earlier 39% rate. The steep tariff had already caused U.S. imports of Swiss watches to plunge 56% in September. The lower rate is expected to restore stability and demand. The US will apply either its “most favored nation” tariff rate or a levy of no more than 15% on products originating in Switzerland and Liechtenstein, the White House said in a statement.

So far, the US, Switzerland and Lichtenstein agreed only to a “framework” in which they have pledged an intention to negotiate a full agreement. This deal will call for Switzerland to promote investment in the US, buy more of its goods, and reduce its own tariffs on American merchandise.

The agreement comes a week after President Trump met with the heads of several Swiss companies in the White House, including Jean-Frederic Dufour, the CEO of Rolex; Johann Rupert, chairman of Richemont; and Alfred Gantner, co-founder of Partners Group, which owns Breitling.

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Sabyasachi, The Metropolitan Museum Of Art Partnered For A Multi-Year Collaboration

The Line Bridges Historic Met Artifacts With Modern Luxury, Weaving Human Themes Of Love, Mortality, and Family Into Extravagant High Jewelry.

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Nearly two decades after making his New York runway debut, renowned Indian designer Sabyasachi Mukherjee is set to return to New York Fashion Week on September 15, 2026, unveiling the first chapter of a multi-year collaboration with The Metropolitan Museum of Art (The Met).

The partnership will debut with an exclusive six-piece high jewellery collection inspired by the museum’s extraordinary holdings of art, sculpture and material culture. The collection reflects Sabyasachi’s belief that history is not static, but continues to evolve as it travels across cultures and generations.

Comprising three necklaces, two wrist cuffs and a pair of earrings, the collection draws from Byzantine and Roman influences while translating historic iconography into contemporary luxury. Crafted in 18k and 22k gold, the pieces feature round brilliant-cut diamonds alongside jade, tourmaline, lapis lazuli, jasper and onyx.

The designs take inspiration from Imperial Roman statuary, ancient medallions and religious artefacts housed in The Met. Among the standout creations is a pendant necklace based on an Imperial Roman marble sculpture depicting a family, inspired by a 2nd–3rd century CE Roman funerary relief from Thrace. Another notable piece is an asymmetrical tiger-claw necklace influenced by the intricate decoration of a 12th-century casket.

Rather than simply recreating historical objects, Sabyasachi reinterprets them through the lens of modern high jewellery, weaving universal themes such as love, mortality and family into each creation.

The New York presentation marks the beginning of a long-term creative dialogue between Sabyasachi and The Met, bringing together Indian design sensibilities and one of the world’s most celebrated museum collections in a collaboration that bridges heritage, craftsmanship and contemporary luxury.

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