Donald Trump effect is unsettling for US economy, says Swiss watchmaker

Donald Trump’s presidential campaign is destabilising the US market, adding to the Swiss watch industry’s challenges this year, according to Marc Hayek, who heads Breguet, the maker of $100,000 (€88,750) luxury timepieces owned by Swatch Group.

“In the US, you’ve got a Trump effect,” Mr Hayek said in an interview with Swiss newspaper Der Bund.

“This has unsettled a country whose economy is actually in relatively good shape.”