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06.11.25 - 14:06
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Supreme Court Trump Tariff Doubt, Watches of Switzerland Results Impress | The Opening Trade 11/6 (Bloomberg)
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President Donald Trump's use of broad powers to impose his signature tariffs faced a barrage of skeptical questions at the Supreme Court on Wednesday that signal it may be ready to intervene. Businesses and countries suffering from the duties and looking for resolution, though, are set for months of uncertainty whatever happens.
Watches of Switzerland shares jumped, climbing to a four-month high, after the watch retailer delivered better topline growth than anticipated in the first half thanks to a strong performance in the US.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
(Source: Bloomberg)...
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03.08.25 - 15:36
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Will Swiss Tariffs Drive Used U.S. Rolex Prices Higher (ZeroHedge)
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Will Swiss Tariffs Drive Used U.S. Rolex Prices Higher
Overnight chatter from UBS' market desk centered on how the Swiss government was "caught completely off guard" by President Trump's 39% tariff rate. European and U.S. equities tumbled (read pre-market note) this morning, but our focus here won't be on comments from stunned Swiss officials or market gyrations on either side of the Atlantic; instead, it's the Swiss watch market and where prices could be headed next.
Switzerland's watch exporters will face one of the steepest tariff rates globally. One sign of the trade fallout came earlier when shares of Rolex reseller Watches of Switzerland Group plunged 9.2% in London, with traders focused on how the tariffs could impact new watch sales.
The rude awakening of 39% tariffs on all goods imported from the Alpine nation got us thinking:
What impact will this new trade policy have on the new and used watch markets in the U.S.?
More specifically, how much of the ta...
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