For the first time in months, the Swiss watch industry can finally unclench its jaw. The U.S. has agreed to roll back that dreaded 39% tariff on Swiss imports — a number so outrageous it felt almost surreal when it dropped right in the middle of Watches & Wonders. You could feel the mood shift in Geneva that week. The halls were full of gorgeous novelties and optimistic forecasts, but the tariff news hung over everything like a sudden alpine storm. Retailers were nervous. Brands were calculating. Collectors were whispering about prices. It was all anyone could talk about.
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A scene from my last trip to Watches & Wonders 2025 in Geneva.

​Now? The relief is almost palpable. With the rate dropping to a far more manageable level, the industry can get back to doing what it does best: dreaming big, designing boldly, and sending beautifully made watches across the Atlantic without the fear of uncertainty and sticker-shock chaos. 
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The watchmaking workshops, where it all begins.

​For collectors, this is genuinely good news. It means fewer abrupt price swings, less uncertainty around upcoming releases, and a general return to stability — the kind of quiet equilibrium the watch world secretly thrives on. And for the brands, especially the independents and niche maisons, it means momentum regained at a crucial moment. Holiday shopping! 
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Could Geneva be any more beautiful in the spring?

​After months of tension, the pendulum has finally swung back our way. For once, the big headline isn’t doom — it’s a collective sigh of relief. Good news indeed.