Swiss watchmakers, including Rolex, may increase prices due to a new 31% tariff imposed by the US.The tariffs affect Swiss and European Union watch imports and pose challenges for Rolex in offsetting the increased costs.A $10,000 brand-new Rolex in the US could cost an extra $3,100 if tariffs are upheld, representing a potential price increase for customers.This would be the second time in 2025 that Rolex has increased its prices.