Tariff imposed and Watch Prices in the USA

[A.O.]

Originally Posted by kieselguhr

Could you pass that over back here please?

Did we get extra butter this time?

[SS Oyster]

Originally Posted by mongrelnomoad

For the love of god man, VAT is just A SALES TAX. Just like the one you have. This had been explained to you many many times.

Have a good night.

There is no place in the USA with a 19% sales tax.

I also hope you have a good night.


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[mongrelnomoad]

Originally Posted by SS Oyster

There is no place in the USA with a 19% sales tax.

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*sigh*

[mongrelnomoad]

Originally Posted by A.O.

Did we get extra butter this time?

Can I get some as a midnight snack? Make mine a salty-sweet mix please.

[GB-man]

Originally Posted by kieselguhr

Could you pass that over back here please?

Absolutely I should stop… I’m half way done with the bucket lol

[Ichiran]

Originally Posted by Phrank

There was discussion of BYD opening a manufacturing plant in Ontario IIRC, there is also a big EV battery plant newly built there as well.

This was taken off the table per a request from Pres. Biden - now talks of this are starting to surface again.

Would be a great option to see these cars available on the Canadian market.

Give BYD a go! It's number 1 here in a free and open market for a reason

[Ichiran]

Originally Posted by mongrelnomoad

I still don’t understand how you’re “getting ripped off.”

Exactly. Every time people buy a Rolex to enjoy and wear in Singapore, the Singapore government gets "ripped off" by the Swiss government. I am struggling big time to understand this rhetoric.

[FloydRedford]

Originally Posted by SS Oyster

There is no place in the USA with a 19% sales tax.

I also hope you have a good night.


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Good lord


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[Phrank]

Originally Posted by Ichiran

Give BYD a go! It's number 1 here in a free and open market for a reason

"BYD is actively expanding its presence in Canada, particularly in the commercial vehicle sector. The company has opened a bus assembly plant in Newmarket, Ontario, which is near Toronto, and it is supplying electric buses to the Toronto Transit Commission (TTC)", they are also expanding in the rideshare market.

They have a dealership in Toronto, but more centered on the commercial aspect, but I'd imagine soon they will be allowed to expand into the traditional car market.

I've been looking at models for awhile now and watching some reviews, some amazing cars for sure.

[brandrea]

Originally Posted by Ichiran

Exactly. Every time people buy a Rolex to enjoy and wear in Singapore, the Singapore government gets "ripped off" by the Swiss government. I am struggling big time to understand this rhetoric.

You and me both Michael.

Hope you are well

[Mystro]

Well this thread is sooooo off topic it’s probably gonna get kicked soon.

[Ichiran]

Originally Posted by Phrank

"BYD is actively expanding its presence in Canada, particularly in the commercial vehicle sector. The company has opened a bus assembly plant in Newmarket, Ontario, which is near Toronto, and it is supplying electric buses to the Toronto Transit Commission (TTC)", they are also expanding in the rideshare market.

They have a dealership in Toronto, but more centered on the commercial aspect, but I'd imagine soon they will be allowed to expand into the traditional car market.

Our small city state has started using BYD buses as mass transport too! Before their introduction, we use very polluting old buses and the pivot to electric bus is really great for our lungs. Hope you get your cars soon. Their design, battery performance and features are good. There is a new SUV that has a drone mounted inside the roof which can be used for filming, recce for parking lots (useful for a city like ours) and monitor traffic way ahead.

Originally Posted by brandrea

You and me both Michael.

Hope you are well

I'm very well my friend! Hope you get your watches this year

[Dave O]

Originally Posted by SS Oyster

Most of us on this forum live in countries where we are free to VOTE. Americans voted for tariffs as it was a pillar of President Trump’s platform.

It’s a risky move, so President Trump will either be a hero when it all works out, or he’ll suffer the consequences if it does not. At least he’s will to do SOMETHING. All others who have occupied the Oval Office have been willing to just print money, hand much of it out in trade deficits (and other waste) and give away our national treasure to the tune of $36.2T (~124% on GDP), which is the equivalent of saddling every American citizen with $106,000 of debt.

We can’t just stick our head in the sand. Doing nothing leads to a collapse in world economy and a complete devaluation of the US dollar.

Suffering some short term pain to save our country is worth the risk. Doing nothing is a certain and horrific outcome.


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Bingo. Spot on.

[ajw45]

Originally Posted by SS Oyster

Most of us on this forum live in countries where we are free to VOTE. Americans voted for tariffs as it was a pillar of President Trump’s platform.

It’s a risky move, so President Trump will either be a hero when it all works out, or he’ll suffer the consequences if it does not. At least he’s will to do SOMETHING. All others who have occupied the Oval Office have been willing to just print money, hand much of it out in trade deficits (and other waste) and give away our national treasure to the tune of $36.2T (~124% on GDP), which is the equivalent of saddling every American citizen with $106,000 of debt.

We can’t just stick our head in the sand. Doing nothing leads to a collapse in world economy and a complete devaluation of the US dollar.

Suffering some short term pain to save our country is worth the risk. Doing nothing is a certain and horrific outcome.


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Some Americans, mostly uneducated, and systematically lied to and misled about how tariffs work and who pays for them by the people now implementing them. I pay plenty of tariffs importing to the US, more every year, I export to clients who pay vat and duties in their countries, I wouldn't want to trade places with them, I majored in economics, I can tell you with every confidence this is all wrong. It true, it's not perfectly fair, but America has done well because trade policy is just one part of the ecosystem and this kind of punitive behavior threatens not just trade but everything. Systems, markets, work better and more efficiently when there is trust, these kinds of actions are pushing us back decades and the privilege you have just by being an American and living on the dollar is evaporating at a record pace.

[HiBoost]

One of the economists who wrote the paper cited by the administration as the basis of this tariffs schedule indicates that the rates should be roughly 1/4 of what were chosen...

https://www.nytimes.com/2025/04/07/o...h-formula.html

[GB-man]

Jeremy Siegel called it the worst economic policy decision in 95 years.

[Andad]

How many in the inner circle will benefit when these tariffs are reversed?

Leaving the rest to count the cost?

[SS Oyster]

Originally Posted by ajw45

I export to clients who pay vat and duties in their countries, I wouldn't want to trade places with them, I majored in economics.

Well then, you know first hand how incentives and disincentives were designed such that fewer US goods are sold. If we level the playing field, we get even trade, which means we sell more, which means we make more. Jobs, self-sufficiency, economic prosperity, balanced budget and eventually paying down the debt.


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[SS Oyster]

Originally Posted by HiBoost

One of the economists who wrote the paper cited by the administration as the basis of this tariffs schedule indicates that the rates should be roughly 1/4 of what were chosen...

https://www.nytimes.com/2025/04/07/o...h-formula.html

Which is likely where they will settle when all negotiations are done.


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[Cassian739]

Mike from This Watch, That Watch posted a decent and fact based review of Tariffs and the likely impact on Rolex and other Swiss watch brands. I have found this channel to be a fairly sane voice in an increasingly crazy world.


https://youtu.be/GA5yUDXzntY?si=L_IeKA4h6UaRVnq3

[Ichiran]

The monumental debt is due to decades of spending beyond your means. My country manages our fiscal budget carefully and is prudent with social security and healthcare. Now we are being coerced by a powerful nation into investing in or buying products we don't need arising from an arbitrary reason, and if not we will face closures and job losses. That's what tariffs do. Now every other nation is being punished for your monumental debt.

[logo]

Originally Posted by GB-man

Jeremy Siegel called it the worst economic policy decision in 95 years.

Or, in other words.... "Worst trade deal in the history of trade deals, maybe ever"

[watchfreak207]

BTW, US has a trade surplus with Singapore, not a deficit. But we still get hit... haha.

[Halifax Daytona UK]

Originally Posted by watchfreak207

BTW, US has a trade surplus with Singapore, not a deficit. But we still get hit... haha.

Likewise the UK.

BTW, the biggest holder of US government debt is China

[Harry-57]

Originally Posted by Andad

How many in the inner circle will benefit when these tariffs are reversed?

Leaving the rest to count the cost?

I think you could be onto something.

[alllexandru]

For everyone complaining that Europe is taxing American cars, just FYI european commission has proposed yesterday 0 tax for cars and industrial goods coming from US asking same for US imports from EU

Answer was that proposal not good, Europe has to buy 350 billions energy from US to cover the debt trade deficit...insane

Again this is altering free trade

We all do respect for fellow Americans but you dig yourself a big black hole and drag everyone in it

[brandrea]

Does anyone want our oil?

[Moondoggy]

One thing I do know is humanity react quickly without letting the dust settle give it 12 months and revisit this thread.

I’ll sit back and be patient as there are many twists and turns.

Meanwhile I am liking that land dweller more and more, the crown, fluted bezel and inner bracelet line up. I’ll be patient.

[BraveBold]

Originally Posted by GB-man

Jeremy Siegel called it the worst economic policy decision in 95 years.

Because Dr. Siegel knows his history well.

The only reason the stock market is only down as much as it is (and not another 30-40%+ more) is because of expectations that the tariffs will be reversed in relatively short order.

The damage done by temporary tariffs will likely “only” be a recession. Possibly at a global scale. The damage done by sustained tariffs anywhere near these levels will make the global financial crisis look like a non-event by comparison.

Just look at spending and order patterns already occurring. Does not even factor in the employment losses that are coming.

There is a lot of nuance in understanding and setting trade policy. Yes, there are protectionist measures that need to be addressed (primarily outside the US). No, this is not how to go about doing it unless you are okay with your medicine being more dangerous than your disease.

[JRell]

I say date because the cyclops is iconic to Rolex. Wait wrong thread…