Top Win Plunges 10.87% Amid Trump Tariff Uncertainty

On April 4, 2025, Top Win experienced a significant drop of 10.87% in pre-market trading, marking a challenging start to the day for the luxury watch importer.

Top Win International Ltd, a Hong Kong-based luxury watch importer, made a dramatic U.S. market debut on Wednesday, soaring nearly 90% on the Nasdaq before facing a sharp decline. The company's stock performance has been closely tied to the broader market sentiment and the impact of Trump's tariffs on global trade.

The imposition of a 10% baseline tariff on all imports by President Trump has had a significant impact on the global trade landscape. This move, which includes 'discounted' reciprocal tariffs for nations with higher duties, has created uncertainty and volatility in the market, affecting companies like Top Win that rely on international trade.