Tariff imposed and Watch Prices in the USA

[brandrea]

Originally Posted by 77T

I thought my safety pin emergency springbar replacement made up for it



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It did

[Maleg]

Originally Posted by 77T

I tried that but my tofu came out gritty...


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You need a finer grind.

[77T]

Then I sneeze with all the dust.


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[Maleg]

Originally Posted by 77T

Then I sneeze with all the dust.


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Don't throw it around.

My wife is on a low sodium diet. We use finely powdered potash instead of baking soda.

[Calatrava r]

So, isn't the baseline tariff of 10 percent now in effect much higher than what was the tariff? Customs fees were pretty low to buy overseas, nowhere near 10 percent. If I buy a 20K used watch abroad now, I will pay 2K to customs plus my state's sales tax. Customs notifies your state of the import and the value. This still will have a negative effect in the watch market if the 10 is mostly new charges.

[Maleg]

Originally Posted by Calatrava r

So, isn't the baseline tariff of 10 percent now in effect much higher than what was the tariff? Customs fees were pretty low to buy overseas, nowhere near 10 percent. If I buy a 20K used watch abroad now, I will pay 2K to customs plus my state's sales tax. Customs notifies your state of the import and the value. This still will have a negative effect in the watch market if the 10 is mostly new charges.

You are correct. The former harmonized tariff schedule had tariffs around 1-2% for SS watches. A bit more for PM, but no where near 10%.

[Calatrava r]

Originally Posted by Maleg

You are correct. The former harmonized tariff schedule had tariffs around 1-2% for SS watches. A bit more for PM, but no where near 10%.

This is still a huge problem for the industry. hopefully, a deal is reached on this soon. Most watch brands are struggling and need help not higher costs.

[Maleg]

Originally Posted by Calatrava r

This is still a huge problem for the industry. hopefully, a deal is reached on this soon. Most watch brands are struggling and need help not higher costs.

I agree. Tariffs on watches are a horrible idea. There isn't a thriving watch industry in the US, and what watch manufacturing there is here can't tolerate reciprocal tariffs from their overseas markets.

[Lumberjact]

Funny how a discussion on tariffs is really just code for red or blue…

[Maleg]

Originally Posted by Lumberjact

Funny how a discussion on tariffs is really just code for red or blue…

I don't think it's that clear cut. While there are clearly some Koolaid guzzlers, there are a lot of rational business thinkers commenting here that see the foolishness of the tariffs regardless of their overarching ideology.

[Lumberjact]

Originally Posted by Maleg

I don't think it's that clear cut. While there are clearly some Koolaid guzzlers, there are a lot of rational business thinkers commenting here that see the foolishness of the tariffs regardless of their overarching ideology.

Fair point

[brandrea]

Originally Posted by 1st amg

Damn it, you snooze, you lose. I was warming up to the idea of investing some cash in the stock market. Too late

Never too late my friend, I need a neck brace

[BraveBold]

Originally Posted by Maleg

I don't think it's that clear cut. While there are clearly some Koolaid guzzlers, there are a lot of rational business thinkers commenting here that see the foolishness of the tariffs regardless of their overarching ideology.

Exactly. I don’t fall into either camp because I loathe incompetence generally but it is abundantly clear that tariff opposition is bipartisan.

If I’m forced to use a softer word than opposition I’d choose “criticism” in its place.

As for the remaining 10% (plus much higher rates in select cases) we will start seeing impacts on CPI. We will also see combined impacts from uncertainty on business hiring, firing and investment. Down, up, down. That won’t help an already fragile economy that has the majority of its population in an increasingly (financially) precarious state.

[Maleg]

Originally Posted by BraveBold

Exactly. I don’t fall into either camp because I loathe incompetence generally but it is abundantly clear that tariff opposition is bipartisan.

If I’m forced to use a softer word than opposition I’d choose “criticism” in its place.

As for the remaining 10% (plus much higher rates in select cases) we will start seeing impacts on CPI. We will also see combined impacts from uncertainty on business hiring, firing and investment. Down, up, down. That won’t help an already fragile economy that has the majority of its population in an increasingly (financially) precarious state.

I have US clients seeing overseas sales disruption already. The supply chain is fairly fragile and a small amount of uncertainty has outsized influence.

[Calatrava r]

I would think the 10% rate will cause a Rolex blanket MSRP raise in the US of between 4 to 6 percent if it is entirely passed on to the consumer at this point. They may just wait the 90 days and react to a final deal if one is made.

[Maleg]

Originally Posted by Calatrava r

I would think the 10% rate will cause a Rolex blanket MSRP raise in the US of between 4 to 6 percent if it is entirely passed on to the consumer at this point. They may just wait the 90 days and react to a final deal if one is made.

I doubt any AD or RUSA will eat any tariffs. It will go to the consumer as soon as they have to pay it.

[Brenngun]

Had lunch with my banker today. Ripple effects starting to appear. They've stopped approving most loans and mortgages for people working in tariff impacted industries.

[Moondoggy]

I love this thread. Now o know who I’m chatting with. Hilarious.

[KenRose]

you DO realize that the entire reason that we Canadians have a trade imbalance with the USA is because you buy our crude at a massive discount to the market. You do know that right? I know you're in Texas. I'm in Alberta and this is my industry.

Originally Posted by SS Oyster

Once it’s cheaper, of course they will. Most likely though it will be in the form of LNG. Their alternative is to keep buying from Russia.


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[Duke Nukem]

Originally Posted by KenRose

you DO realize that the entire reason that we Canadians have a trade imbalance with the USA is because you buy our crude at a massive discount to the market. You do know that right? I know you're in Texas. I'm in Alberta and this is my industry.

He's not from Texas actually, (California), that explains why he's out of touch with the O&G industry.

Isn't Canada leveraging the newly expanded Trans-Mountain pipeline heavily to sell into Asia now? That was completed a little less than a year ago. For those not familiar, the USA was buying Canadian crude at below market because they (Canada) didn't have high enough export capacity to the sea.

I'm in the industry as well but from the banking side. We finance a lot of your peers including in Canada.

[77T]

Soybeans AND Potash

People still gotta eat = Soybeans
Soybeans gotta eat = Potash

Oh, and if there is a metric to watch - come June - I reco looking at global container ship volume shifts.

In 2024, global container volumes saw a notable increase.
Trans-Pacific was up. This includes NA & SA with NA being US import-centered.
Asia-Europe, down. Transatlantic, down.

If this flips, no GI Joe with the Kung Fu grip at Christmastime for Junior...




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[Calatrava r]

Originally Posted by brandrea

Please be respectful.

Steve and the moderators have let this thread run, let’s not get it shut down.

It has been informative and somehow politics has largely been left out of the discussion and the conversation, robust at times, has largely stayed on topic of the tariffs and their possible impact on our watch hobby. Glad it has stayed open so far.

[FloydRedford]

Originally Posted by brandrea

Please be respectful.

Steve and the moderators have let this thread run, let’s not get it shut down.

This. Please show due respect to our neighbors.


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[Mystro]

Time out….Lets circle back and keep the content to watches and within our TRF rules…..

This thread is dangerously close to being closed.

[Maleg]

Originally Posted by Mystro

Time out….Lets circle back and keep the content to watches and within our TRF rules…..

This thread is dangerously close to being closed.

Agree. A few strategic post deletions by the Mods would be helpful in this regard.

[brandrea]

Originally Posted by Maleg

Agree. A few strategic post deletions by the Mods would be helpful in this regard.

[DtownRRS]

It's funny, if you are on another forum for your type of car there is an exact copy of this on them too. At least we are all paying attention

[KenRose]

I apologize to the forum here for my responses to some posts which caused this to veer off topic. As a proud Canadian who also loves and supports the United States and has personal family members who are American, I do take the 51 state and annexation comments personally. Probably best for me not to post on this particular thread.

[DoricSpiker]

I’ll be honest, I’m not sure this thread running has been a positive for me. People whose views on watches I have read with some interest before, have shown themselves to me as being bereft of acumen when it comes to simple economics. Then we get the dudes coming out with garbage about Canada. Dear me.

Think a break from the forum is in order but I look forward to my summer holiday in Canada. Good times ahead.


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