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Message
re: Switzerland facing 39% US tariff as president leaves Washington empty-handed
Posted on 8/6/25 at 5:41 pm to Eurocat
Posted on 8/6/25 at 5:41 pm to Eurocat
quote:
But why reject zero vs zero, it's equal which is what President Trump said was his goal.
I'm assuming, because I'm not privy to private conversations, that Trump's tariff policy is aimed at trade deficits, not equal tariffs. We run a very large trade deficit with Europe and it's partially structural by now. At the time the EU was formed, we ran basically balanced trade with that bloc of countries, now our deficit with the EU is north of $200 billion a year and going up. If Trump's tariffs bring that back into balance, he'll probably be willing to revisit the negotiations.
This post was edited on 8/6/25 at 5:47 pm
1
Posted on 8/6/25 at 5:45 pm to wdhalgren
I would buy that if he were not also raising tariffs on countries like the UK and Brazil and other with who we have a trade SURPLUS for years.
Posted on 8/6/25 at 5:49 pm to Eurocat
i didn't like swiss cheese anyway.
Posted on 8/6/25 at 5:58 pm to Eurocat
quote:
Yet Trump rejected it out of hand and gave no explanation. Why? Due to donors or something? What is the reason, I don't get it.
The EU has a bunch of other protectionist shite that they don’t call tariffs. So even at 0-0 it really isn’t.
Posted on 8/6/25 at 6:05 pm to Eurocat
quote:
I would buy that if he were not also raising tariffs on countries like the UK and Brazil and other with who we have a trade SURPLUS for years.
We run small surpluses with a few countries, which is dwarfed by our deficits with others. Your question was why he wouldn't settle for zero tariffs between the US and Europe, and I gave you the answer. The goal is not to balance our tariffs. The goal is to balance the totality of our foreign trade and stem the bleeding of jobs and dollars.
As for the UK and others, maybe they want to avoid attempts to bypass tariffs by manipulating the country of origin. Whatever the reason for the UK tariff, the reason for the EU is obvious; they run a massive surplus with the US and it has to be fixed. If the UK tariff results in a significant imbalance to their detriment, I suspect that level will be revisited.
This post was edited on 8/6/25 at 6:14 pm
Posted on 8/6/25 at 6:08 pm to idlewatcher
Why though would he reject 0 for 0? Did Helvetica reject Trumps Swiss bank account?
Posted on 8/6/25 at 6:14 pm to Eurocat
quote:
I just don't understand why anybody would want tariffs on anybody either to import or export.
There should be no such thing as tariffs, import duties, import controls or anything like that. We buy your stuff we like, you can buy our stuff, no tax or tariff either way.
I can only understand a slight bit of protectionism on critical and defense related stuff like steel and so on.
I don't often agree with you but here we can sorta find common ground. Just to find some justification for their not being zero for all is that a 10 percent tariff would not be steep but would over the long haul cause every country to be more self sufficient.
Makes no sense that something made in Switzerland should not be able to be made in the USA (and vice versa). So make it here... no tariff and no overseas shipping cost required.
Relying on other countries for your needs is not sound policy.
Posted on 8/6/25 at 6:34 pm to omegaman66
Europe has a VAT tax which is worse than a tarrif.
Posted on 8/6/25 at 7:30 pm to Major Dutch Schaefer
My Rolexes fixing to sky rocket.
In reality though I’m positive that the Swiss will cave. The mass production brands like Omega, Cartier, Breitling, Rolex (etc.) will get crushed by this. They will push the government hard to make a deal.
I don’t think it will hurt Patek and AP as much.
In reality though I’m positive that the Swiss will cave. The mass production brands like Omega, Cartier, Breitling, Rolex (etc.) will get crushed by this. They will push the government hard to make a deal.
I don’t think it will hurt Patek and AP as much.
This post was edited on 8/7/25 at 12:21 pm
Posted on 8/6/25 at 7:40 pm to PaperTiger
They are gonna bash him no matter what he does so Fukk em and act like they not here
Posted on 8/6/25 at 7:48 pm to mule74
quote:
The mass production brands like Omega, Cartier, Breitling, Rolex (etc.) will get crushed by this. They will push the government hard to make a deal.
The watches are a perfect anecdote for the current situation. I remember when Rolex sued Costco because it was sourcing their watches from European authorized dealers and then selling them at substantial discounts as the result of the markup Rolex set for sales to its US dealers.
Posted on 8/6/25 at 8:20 pm to RiverCityTider
quote:
Europe has a VAT tax which is worse than a tarrif.
Where do y'all get this smooth brained shite? A VAT is just a sales tax. It isn't protectionist, it isn't discretionary. Domestic goods are taxed exactly the same as imports under a VAT
Posted on 8/6/25 at 8:26 pm to Eurocat
quote:Some people think overpaying for stuff generates wealth.
I just don't understand why anybody would want tariffs on anybody either to import or export.
Posted on 8/6/25 at 8:27 pm to RiverCityTider
quote:Please explain.
Europe has a VAT tax which is worse than a tarrif.
Posted on 8/6/25 at 8:35 pm to CAD703X
quote:
frick yo Rolex.
1. fly to Switzerland
2. buy Rolex tariff free
3. buy long sleeve shirt
4. wear watch back home
5. ???
6. profit
ETA:
quote:crap, there goes my plan
Europe has a VAT tax which is worse than a tariff.
This post was edited on 8/6/25 at 8:36 pm
Posted on 8/6/25 at 8:38 pm to Major Dutch Schaefer
Swiss cheese should have been discounted for all them holes anyways. I'm tired of paying for a full slice of cheese and getting half the cheese
Posted on 8/6/25 at 8:55 pm to Eurocat
quote:
I would buy that if he were not also raising tariffs on countries like the UK and Brazil and other with who we have a trade SURPLUS for years.
It’s because he can. Why get an even deal when he can get a favorable deal?
Posted on 8/6/25 at 9:11 pm to idlewatcher
Just think of the cheese!!
My mushroom swiss!!
My mushroom swiss!!
Posted on 8/6/25 at 9:51 pm to fjlee90
"It’s because he can. Why get an even deal when he can get a favorable deal?"
Favorable to whom? Not to me if I want to buy a Rolex. Not to you if you want to buy Swiss Chocolates. Not to someone else who wants to buy a Swiss Army Knife.
To me it seems like a way to raise taxes for the government, but via the supermarket, the Rolex store, etc. People will see Swiss Chocolates costing quite a bit and blame either the supermarket or the chocolate company and not think (well most of them won't think) that there is a "tarrif tax" there.
We should have zero tariffs where the other side agrees to it and make better sh*t so people will buy our stuff and not theirs.
Favorable to whom? Not to me if I want to buy a Rolex. Not to you if you want to buy Swiss Chocolates. Not to someone else who wants to buy a Swiss Army Knife.
To me it seems like a way to raise taxes for the government, but via the supermarket, the Rolex store, etc. People will see Swiss Chocolates costing quite a bit and blame either the supermarket or the chocolate company and not think (well most of them won't think) that there is a "tarrif tax" there.
We should have zero tariffs where the other side agrees to it and make better sh*t so people will buy our stuff and not theirs.
Posted on 8/6/25 at 11:16 pm to Major Dutch Schaefer
quote:
Karin Keller-Sutter
Never trust a Karin.
We don't actually need anything they make, that's the problem of luxury items.
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