Hey you 'muricans ... get those Swiss watches pronto

Archer

Well, I can't speak for other countries, but trade statistics between US and Canada are pretty clear. The US buys more goods from Canada than we do from the US. However our population is around 40 million, and the US is 340 million, so is that not expected? You buy and consume far more than we do, just because of your size.

I did see a breakdown on a per capita basis not long ago - US consumers buy something around $1,200/year of Canadian goods. Canadian consumers buy something like $9,000/year of US goods. And somehow we are the bad guys?

Again if you count services, the US has a trade surplus with Canada that is on top of those physical goods...

Archer

it's senseless.

LesXL

So new watches more expensive... Interests will shift more to vintage and a new bubble will start

Dan S

In principle this makes sense, but I think we might also see people delaying discretionary purchases in general. There are a number of grail watches that have been on my radar screen for years, but I'm not sure if I'd jump on a $20k purchase at the moment

gatorcpa

Ash -

Since presumably you paid a tariff rate on the watch when you imported it into Australia, the buyer would pay the rate on imports from Australia to their country.

It does not matter where the watch was originally made. For tariff purposes, it is being imported from Australia.
gatorcpa

ErichPryde

We have a rule against outright political discussion. Many of us have carried on a conversation about this topic without wandering too close to that line, which is presumably why those posts are still up. But, considering that this is a private forum I'd be ok if our moderators decided to remove my posts as well as I understand they... skirt the rules to a degree.

It's my hope we can continue to have constructive conversation about these difficult topics, but I'm sure having to actively moderate posts is part of the reason other forums have outright banned the tariff discussion.

watchyouwant

Interesting. Deleting ALL of my posts incl. Pictures goes very far. So far, I was not used to that behaviour on the Forum. Many other posts here without actual watch content are still up . This Forum is called Open Discussion. Every of my posts are factual and was for providing Background information for Watch relevant Tariffs, that affect us all.

dsio

We’ve always had a no politics rule, it’s too time consume to moderate, ruins friendships, and bleeds into watch discussions as people end up sniping at eachother there as well.

As Trev said, the tariffs are relevant to us as watch buyers and we’re not going to do the Timezone thing where prices are verboten as that’s silly, but fighting about it here isn’t going to do anything to change policy, and we will remove that.

Archer

On the de minimus exemption, it looks like that is going away once the postal service has the resources in place to check and collect duty on all incoming shipments.

https://www.supplychaindive.com/news/de-minimis-china-trump-elimination-tariffs/744313/

Using the agency’s Workload Staffing Model which it reported to Congress in 2023, Oxford Economics estimates that CBP is already nearly 5,000 officers short. It is likewise estimated that eliminating the de minimis exemption entirely would necessitate hiring and training an additional 22,000 CBP officers. The additional paperwork burden would be immense—not to mention the additional wait times for consumers.