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Swiss Watchmakers Rise on Optimism Over Possible Cut in Trump Tariffs

Shares in Richemont and Swatch Group rose after US president Donald Trump said he was working with Switzerland on a deal to lower the 39 percent tariff rate on Swiss imports.
A Swatch sign hanging above a store.
Swatch Group shares gained 4.2 percent in early trading. (Getty Images)

Richemont

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