Celebrating Uncertain Victory: Watch Industry Applauds Supreme Court Tariff Ruling Amid Murphy's Pledge of a Workaround

The significant ruling from the United States Supreme Court against Trump’s trade tariffs has global implications and holds potential relief for the watch industry. This industry, having been stung by import levies on goods from countries such as Switzerland, Japan, and Germany, could experience immense benefits from this ruling. In a six-to-three decision, it was declared that President Trump had overstepped his authority by using a 1977 law for national emergencies to impose tariffs on trading partners globally. While this decision invites hope, the picture remains uncertain as the President has vowed to uphold existing tariffs using a legal workaround, and plans to impose an additional 10% global tariff under a divergent trade law.

Since 2024, tariffs have contributed more than $200 billion to the federal government’s coffers. This figure likely includes millions paid by importers of watches from Switzerland, Japan, and Germany, who are expected to seek a refund if the ruling stands firm. This decision would also be welcomed with open arms by Swiss watchmakers, currently grappling with cost pressures from the strong Swiss franc and soaring gold prices. In response to tariffs, almost the entirety of the industry’s leading brands increased their prices. Thus, the ruling presents an overdue relief and serves a remarkable victory for the global watch industry in these tumultuous economic times.