Swiss watchmakers rise on optimism over possible reduction in Trump tariffs

Core Viewpoint - Shares of Richemont and Swatch Group increased following U.S. President Donald Trump's announcement of negotiations with Switzerland to reduce the 39% tariff on exports [1] Company Summary - Richemont's stock performance improved as a result of potential tariff reductions [1] - Swatch Group also experienced a rise in share value due to the same tariff negotiation news [1] Industry Summary - The luxury goods industry may benefit from lower export tariffs, enhancing competitiveness in the U.S. market [1]