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Posted on 8/13/25 at 10:22 am to Ingeniero
I'll stick to Grand Seiko.
This post was edited on 8/13/25 at 12:05 pm
Posted on 8/13/25 at 10:23 am to Crawdaddy
Posted on 8/13/25 at 10:24 am to Ingeniero
quote:
"There are many possibilities for Americans. They travel all over the world," said Hayek, pointing to options like shops aboard cruise ships.
The amount of watches that they would sell on "cruise ships" would be so miniscule it shouldn't even be worth mentioning.
And someone might fly out of the country and by an Omega, they aren't leaving the country to buy a $100 Swatch watch.
Posted on 8/13/25 at 10:24 am to Ingeniero
Trump’s tariffs are ruining the watch market!
Posted on 8/13/25 at 10:29 am to BurlesonCountyAg
Posted on 8/13/25 at 10:31 am to BigBinBR
quote:
The amount of watches that they would sell on "cruise ships" would be so miniscule it shouldn't even be worth mentioning.
The jewelry industry is attached at the hip to the cruise industry. Its big bucks.
Go to any port of call and you'll see the same shops bustling, selling watches and trinkets like crazy.
Posted on 8/13/25 at 10:39 am to BurlesonCountyAg
Again, y'all are missing the bigger point. Responses like "Ha! You think I care about luxury watches?!" ignore the fact that the CEO of a major international company is flat out telling you they will not absorb this and will pass the cost on to the consumer. Once companies start exhausting their stockpiles that they brought over before tariffs kick in, you're going to pay more for everything. It's a tax on YOU.
Posted on 8/13/25 at 10:40 am to RogerTheShrubber
quote:
The Swiss do some things better than the rest of the world, and MAGA wants to punish them for it.
This isn't just Switzerland. We run a trillion dollar plus foreign trade deficit in goods. Fifty years of combined trade and budget deficits have left the US economy structurally impaired and failing as we speak. It has to be repaired immediately. Congress should start right now cutting govt waste, fraud, regulation, but they won't. So, political rhetoric aside, in this situation levying tariffs isn't a matter of "punishing" other countries, it's an attempt to salvage our own country.
Posted on 8/13/25 at 10:47 am to wdhalgren
quote:
We run a trillion dollar plus foreign trade deficit in goods.
Because we are the wealthiest nation on earth. If you dont want trade deficits, shrink the value of the dollar.
Posted on 8/13/25 at 10:53 am to RogerTheShrubber
quote:
Because we are the wealthiest nation on earth. If you dont want trade deficits, shrink the value of the dollar.
We maintain the facade of being the wealthiest nation by living way beyond our means. That's why our debt is exploding. Trade deficits make the problem worse because jobs go offshore.
Destroying your currency is not the cure, but that's certainly the track we're on. The US has a Net International Investment Positiion approaching negative $30T. We're the world's largest net debtor nation by a mile. Couple that with exploding govt budget deficits and you have a currency problem waiting to happen.
Posted on 8/13/25 at 10:53 am to Ingeniero
quote:
You think this is the only industry that's going to pass on costs to the consumer once their warehouse supply runs out?
The customer always has the choice not to purchase the item. Especially if it's a market that has many other options.
Posted on 8/13/25 at 10:55 am to wdhalgren
quote:
We maintain the facade of being the wealthiest nation by living way beyond our means.
We would be regardless.
Posted on 8/13/25 at 10:58 am to RogerTheShrubber
Switzerland as a whole is extremely wealthy.
I spent a week in Lucerne and it was way more expensive to luve there than it was in a beach community of Los Angeles County. It's probably the cleanest, safest and best quality of life on this planet.
I spent a week in Lucerne and it was way more expensive to luve there than it was in a beach community of Los Angeles County. It's probably the cleanest, safest and best quality of life on this planet.
Posted on 8/13/25 at 11:04 am to RogerTheShrubber
quote:
We would be regardless.
If we tried to balance the federal govt budget today (or even significantly reduce deficits), the result would be an immediate sharp decline in standards of living and a sharp decline in imports of non-necessities. As a knock-on effect, private debt markets would implode. We're living way beyond our means. It's unsustainable and the only way to reverse the trend is to repair our economy, reduce budget deficits, and balance trade; certainly not devalue our currency any more than is already baked into the cake.
This post was edited on 8/13/25 at 11:07 am
Posted on 8/13/25 at 11:06 am to SDVTiger
Aren’t we talking about Swatch? Don’t they make those $80 plastic things?
Posted on 8/13/25 at 11:06 am to wdhalgren
quote:
If we tried to balance the federal govt budget today (or even significantly reduce deficits), the result would be an immediate sharp decline in standards of living and a sharp decline in imports of non-necessities.
Which ironically MAGA was pushing hard for a month ago when Trumps tariffs rolled out.
Posted on 8/13/25 at 11:14 am to RogerTheShrubber
quote:
Which ironically MAGA was pushing hard for a month ago when Trumps tariffs rolled out.
You seem to be under the impression that "MAGA" is the source of our problems, or should have a quick solution to our problems. You've been misled. The problems with our economy are longstanding, decades in the making. Any solutions will be longterm and painful. The alternative of doing nothing will be quicker and fatal. Cutting spending is essential, public and private. Our govt and the economy has to downsize. Our trade will balance, by force if we don't do it voluntarily while we still have a chance. Debt and deficits can destroy any country, no matter how big their military or how much they consume.
Posted on 8/13/25 at 11:15 am to wdhalgren
quote:
You seem to be under the impression that "MAGA" is the source of our problems,
MAGA is the source of business uneasiness with the future. 100%.
The tariff rollouts were one of the biggest blunders I've seen from an administration
Posted on 8/13/25 at 11:16 am to Ingeniero
You are melting bigly.
Cool. Let’s see how this pays off for his company. I doubt he’ll sell many watches if he refuses to absorb the tariff. The demand for luxury watches is elastic, as it is for all goods and services.
quote:
the CEO of a major international company is flat out telling you they will not absorb this and will pass the cost on to the consumer.
Cool. Let’s see how this pays off for his company. I doubt he’ll sell many watches if he refuses to absorb the tariff. The demand for luxury watches is elastic, as it is for all goods and services.
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