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Reuters
Tue, November 11, 2025 astatine 2:33 AM CST 1 min read
ZURICH (Reuters) -Richemont and Swatch Group shares roseate connected Tuesday, aft U.S. President Donald Trump said helium was moving with Switzerland connected a woody to little the 39% tariff complaint it faces connected exports.
Swatch shares gained 4.2% successful early trading, while Richemont shares were 2% higher. Both companies' shares had fallen aft Trump announced the import duties connected Swiss products which went into effect in August.
The United States is moving with Switzerland connected a woody to little the 39% tariff complaint it faces connected exports to the U.S., Trump told reporters successful the Oval Office connected Monday.
"We're moving connected a deal to get their tariffs a small spot lower," Trump said. "I haven't acceptable immoderate number, but we're going to be moving connected thing to assistance Switzerland."
(Reporting by John Revill, Editing by Louise Heavens)
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