US Tariffs on Switzerland

Matt-998
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So, big in the news the US tariffs on imports from outside the US - of course Switzerland will be affected as well. I think Switzerland will be paying +31% tariff on its exports to the US.

Already expensive Swiss watches will become more expensive - by quite a lot really. And Rolex has recently opened a new factory to increase their production.

Bad timing from the watch company ?
 
Davidt
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Matt-998 Matt-998
I think Switzerland will be paying +31% tariff on its exports to the US.

Just to be clear, tariffs are paid by the importer not the exporter. So the 31% is paid by the buyer in the US, not by the exporter in Switzerland.
Edited:
 
Foo2rama
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What? These are all lies!!! Biden made the tariffs!!!! The Tariffs have always been there.

Sorry… I flashed back to 1984.
 
padders
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Matt-998 Matt-998
So, big in the news the US tariffs on imports from outside the US - of course Switzerland will be affected as well. I think Switzerland will be paying +31% tariff on its exports to the US.

Already expensive Swiss watches will become more expensive - by quite a lot really. And Rolex has recently opened a new factory to increase their production.

Bad timing from the watch company ?
As has already been noted, this is not a tax on Switzerland or other foreign jurisdictions, it is a tax on the domestic American consumer who now has to pay more for his imported luxury goods. When this actually sinks in, and people start to notice price changes and shortages I wonder if they will be quite so acquiescent.

If there is a fundamental misunderstanding about how this works, perhaps it is best there is a separate thread like this one to break it down!
Edited:
 
Matt-998
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Of course, but the country gets mentioned to make sense of it. Otherwise you would have just a list of tariffs that would be meaningless:

The importer into the US will pay the following tariffs:

45%
36%
31%
20%
10%

It is a near meaningless list unless you attach the rate to the country (of origin of the export) eg 31% and Switzerland.
 
Pastorbottle
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A couple of islands off the antarctic inhabited by penguins and seals no people has had tarriffs applied against them!
did-you-even-say-thank-you-v0-bsiuk53yj4te1.webp
At least he's wearing a suit I s'pose!
 
watchyouwant
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Pastorbottle Pastorbottle
A couple of islands off the antarctic inhabited by penguins and seals no people has had tarriffs applied against them!
did-you-even-say-thank-you-v0-bsiuk53yj4te1.webp
At least he's wearing a suit I s'pose!

Finally a complete unpolitical thread ! Excellent .
 
ErichPryde
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sheepdoll sheepdoll

🤣 🤣 a great one.


I still think the philosopher soccer is my top but this is classic

 
140dave
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Any bets on how long it takes Omega to increase service prices in the US?

(I am assuming incoming parts will be subject to tariffs…?)
 
iamvr
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39% instead of the 31% announced in April. Taking effect on Aug 7th!!!
Have your watches out of Switzerland sent with express delivery.
 
YY77
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iamvr iamvr
39% instead of the 31% announced in April. Taking effect on Aug 7th!!!
Have your watches out of Switzerland sent with express delivery.
How ridiculous is it that a tariff is set and when a country doesn't make a trade deal it's going to be increased, the mob isn't even this unreliable.
 
iamvr
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Our (rotating) president called the Potus yesterday. He apparently just referred to the trade deficit. That a tiny country like Switzerland cannot possibly buy as many goods from the US as they do from us doesn’t seem to matter.

But yeah some EM countries such as Laos and Myanmar are hit even harder.
 
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