I pretty much agree with what he had to say.
First, Hamilton is no longer a U.S. brand. Swatch purchased it in the 1980’s, and although they had assembly facilities in the U.S. Virgin Islands for a time, these have long since closed.
Timex is
not US owned either. Their watches are not made in the U.S., but mostly in Asia (specifically China) and will be hammered by tariffs as discussed in the video.
Weiss and the other US based micro brands use combinations of imported parts and components and American assembly. While tariffs might increase their costs less than fully Swiss brands, that increase will likely be enough to make it very difficult to compete with larger companies that can afford to wait out the U.S. tariff policy until its ultimate end. So bye-bye to them.
Bottom line as I see it is that if the current tariff policies remain in effect for any length of time, it will destroy whatever tiny semblance of a U.S. made watch industry that exists today.
There was a thread started a few weeks back regarding potential economic effects of tariffs on industry in general, but a few people got a bit too personal in their comments and it had to be closed.
Let’s not go any further in this thread, lest it suffers the same fate.
gatorcpa