PARIS — Swiss watch exports cooled significantly in August.

Shipments of wristwatches fell 16.4 percent, reaching 1.57 billion Swiss francs or $1.98 billion, and over 13 percent in units in the month, according to figures published Thursday by the Federation of the Swiss Watch Industry .

On the one hand, a rush to ship to the U.S. in anticipation of the 39 percent tariff rate decided by U.S. President Donald Trump did not materialize, after upticks in April and July. Exports to the country slumped nearly 24 percent to 245.1 million Swiss francs.

On the other, all other territories in the top six, who account for around half of the global market for Swiss watches, saw double-digit declines.

Most affected was China, which slumped 35.6 percent to 115.3 million Swiss francs.

Across Eu

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