US Tariffs on Switzerland

Dan S
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kippyk kippyk
Furthermore, due to newly imposed U.S. import duties on Swiss Made products, effective under recent trade measures announced by former President Donald Trump, we are required to apply a 39% price increase on our Swiss Made Superman Heritage collection in the United States, starting August 7th, 2025.
Funny little slip there, probably written by AI.
 
pdxleaf
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gatorcpa gatorcpa
...The market can adapt to a rational and reasonable tariff policy...

And what's the rationale behind 31% versus 30%? Like that extra 1% implies some kind of scientific precision? And why suddenly raise it 7%? Was the reasoning behind 31% faulty? Why not 39.99%? That's so discombobulated.

What is the emergency that allows Der Leader to impose tariffs against Switzerland, as opposed to working through Congress? Is there a bunch of cheese and chocolates about to expire sitting on a dock somewhere?

Tariffs are like a box of chocolates; you never know which one you're gonna get.
Edited:
 
Evitzee
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Everybody needs to calm down, Switzerland will not end up with a 39% tariff, that's negotiation talk. It's a rocky process now but will work out long term. It's amazing how rational people become irrational.
 
ErichPryde
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Evitzee Evitzee
Everybody needs to calm down, Switzerland will not end up with a 39% tariff, that's negotiation talk. It's a rocky process now but will work out long term. It's amazing how rational people become irrational.

There's nothing irrational about being frustrated with the current back and forth, up and down tariff environment, which has had real impact.

That's absolutely rational.
 
Porteroso
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So, what does everybody think about this President America has, Donald Trump? Or should all the Americans say who we will vote for in the midterms?

How can we get more political, is what I'm saying. Let's go there!
 
ErichPryde
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Porteroso Porteroso
So, what does everybody think about this President America has, Donald Trump?

Sure. I respect you, Porteroso, based on your posts here on this forum. Saying that probably isn't necessary, but I say it to make it clear that I'm not trying to sling mud at you.

Donald Trump is an irrational person.


Porteroso Porteroso
should all the Americans say who we will vote for in the midterms?

I don't think so, no, but this outlines a huge issue in politics. It's much more about identity than it is real actions or policies.

And I hate that. It should not take a big person to identify as an American first and a Political party second.
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STANDY
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R RonP
We love watches, but all this political interference makes it increasingly difficult to maintain and grow our collections—especially when it comes to high-end Swiss timepieces. Service costs are also rising, since parts are now subject to a 39% tariff.

Today, Jules Borel—a major supplier of watch parts—announced via email that, effective immediately, they will no longer be purchasing any new Swiss parts. This is a serious blow for all of us.”
Seems you need a few US made watches for your collection 😉

IMG_9249.webp
 
V
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Archer Archer
I don't blame them. This will be tough for business. As one of the major distributors of watchmaking equipment, that will be hit hard by the tariffs if they stick. It's one thing to have the price of you new mainspring jump, but when you are spending thousands on already very expensive timing machines, cleaning machines, etc. this kind of increase is very painful.

I actually bought all my major equipment from them - timing machine, pressure tester and compressor, cleaning machine...there are no retailers in Canada so they were the only option.
Why aren't there any retailers in Canada selling this equipment? Just wondering.
 
V
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Archer Archer
I have a feeling jobs numbers will be great from now on…but will you believe them?
Vast majority of people don't really care about these numbers. They only care about their own jobs. This is when this quote comes in handy: "A recession is when your neighbor loses his job; a depression is when you lose yours."
 
watchyouwant
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Dan S Dan S
Funny little slip there, probably written by AI.
Looks like, the Europeans consider the present TACO not a President ... I wonder, why ...
 
Zman4eva
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It looks like they're messing with the job numbers already. May and June 2025 were revised downward by over 100k jobs. They report good numbers and then revise it downward when no one is looking.

Revisions for May and June were larger than normal. The change in total nonfarm payroll employment
for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised
down by 133,000, from +147,000 to +14,000.

Source: https://www.bls.gov/news.release/empsit.nr0.htm
 
V
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Zman4eva Zman4eva
It looks like they're messing with the job numbers already. May and June 2025 were revised downward by over 100k jobs. They report good numbers and then revise it downward when no one is looking.
Really? It's been going on for years.

According to Google: "For example, in July 2024, the BLS revised the jobs added in May down by 54,000 and the jobs added in April down by 57,000. In April 2024, they revised the jobs added in February of that year down, and then further revised it down the following month. "
"In 2023, the Bureau of Labor Statistics (BLS) revised the job numbers downward by a total of 818,000 jobs. This revision, the annual benchmark revision, reflects a more accurate count of job creation for the 12 months ending in March 2024."
"In 2022, the Bureau of Labor Statistics (BLS) revised the job numbers for May and June downward by a combined 258,000, according to CNBC. Specifically, the May figure was revised down by 125,000 jobs, and the June figure was revised down by 133,000 jobs. This occurred after the initial release of the July jobs report, which showed weaker than expected job growth"
 
Dan S
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Zman4eva Zman4eva
So more of the same.
Revisions are part of the process, the statistics become more accurate as more data are gathered. Sometimes revisions go up and sometimes down, sometimes they are large and sometimes small. The revisions posted recently were significantly larger than usual.

FWIW, I have heard that large revisions can be characteristic of an inflection point in the economy. But from a scientific perspective, when you have such large revisions, it does cast doubt on the reliability of the data. The people gathering these are generally career civil servants, and there doesn't appear to be any evidence that either the original data or revisions were politically motivated.
 
V
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This is why I think these numbers are useless. What's the point if they are always getting revised?
Perhaps they need to wait longer until they can report the numbers more accurately.
 
Dan S
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V vbomega
This is why I think these numbers are useless. What's the point if they are always getting revised?
Perhaps they need to wait longer until they can report the numbers more accurately.
I don't know if they are useless, but more accurate statistics would certainly have more value. Waiting longer is an option, but the data are already lagging, and people are typically willing to trade off some amount of accuracy in exchange for timely information. I have been hearing various proposals about how greater accuracy might be achieved. In the current climate, however, I don't know if accuracy will be the main priority.
 
Archer
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V vbomega
Why aren't there any retailers in Canada selling this equipment? Just wondering.
Likely due to the small market…
 
Archer
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V vbomega
Vast majority of people don't really care about these numbers. They only care about their own jobs. This is when this quote comes in handy: "A recession is when your neighbor loses his job; a depression is when you lose yours."
That’s why you are where you are…
 
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