Trump's 39% tariff shock puts Switzerland at critical disadvantage:
Swiss watchmakers face profit squeeze as US imposes 39% tariff:
StreetAccount Summary - Trading higher/lower: EU mid-morning
Swatch Group downgraded to reduce from hold at HSBC (CHF 158.70, 0.00)
Swatch Group upgraded to outperform from neutral at Santander (CHF 140.45, 0.00)
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