Tariffs and weaker demand in the United States drove the decline, according to a European Commission trade report

Industry faces global decline in wine consumption and rising trade barriers despite growth in select Asian and Canadian markets.

Japan posted its first trade surplus in five months in November, supported by a recovery in shipments to the United States and steady growth in exports of technology-related goods to other parts of Asia.

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France was also hit with the demand. ‘France and Europe will defend their companies, their consumers, but also their values,’ said the French Foreign Trade Ministry

(Reuters) -Watches of Switzerland said on Wednesday that it was on track to report fiscal first-half results in line with its expectations, helped by robust demand in the U.S., and a steady performance in the UK luxury watch and jewellery markets. The group said it does not expect U.S. tariffs on Swiss watch imports to weigh on first-half results, adding that brand partners had already built up inventories, with Swiss watch exports jumping 45% in July from a year earlier. Shares in Watches of Switzerland jumped about 11% in early trading. The U.S., a leading buyer of Swiss watches, machinery, and chocolate, had announced a tariff rate of 31% for Switzerland in April as part of a broad push to reorder global trade, but increased the threatened tariff to 39% last month. The company said performances in both the U.S. and the UK markets were encouraging and in line with its guidance for the year ending April 2026, provided in July 2025. "The stability we saw in the UK luxury watch and jewellery markets during the second half of FY25 has continued, and we have delivered good year-on-year growth," the company added. Watches of Switzerland also added that it would provide further updates to any impact from tariffs once more information was available. The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for WOSG plus thousands of other stocks and find your next hidden gem with massive upside.

FRANKFURT (Reuters) -Siemens Energy expects to hit the upper end of its 2025 outlook, it said on Wednesday, driven by its wind turbine division and strong demand in the United States for its power equipment that helped it to shrug off the impact of import tariffs. The company, which reported higher-than-expected third-quarter orders and profits, said it is now trending towards the upper end of its outlook, which foresees sales growth of 13-15% and a profit margin before special items of 4-6%. According to the LSEG poll, Siemens (ETR:SIEGn) Energy’s full-year sales are expected to rise by 12.7%. The company said it was seeing strong demand for its gas turbines as well as power transmission equipment in the United States, where it makes around a fifth of its sales. ($1 = 0.8635 euros)