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US Tariffs on Switzerland

gatorcpa
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I don’t think that a SCOTUS invalidation of the executive order creating the tariffs will have any effect on the removal of the $800 exemption.

https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-is-protecting-the-united-states-national-security-and-economy-by-suspending-the-de-minimis-exemption-for-commercial-shipments-globally/#:~:text=The President signed into law the One Big Beautiful Bill Act, which permanently repeals the statutory basis for the de minimis exemption worldwide effective July 1, 2027.

Congress already got rid of it. The EO just accelerated the repeal.

My objection was always about the reasoning and scapegoating. Tell the people the truth first.
gatorcpa
 
Larry S
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Love and lolly’s between Donnie and the Swiss. It’s back to 15%.All it took was a bribe in the form of a Rolex desk clock and US Open tix ( lord knows what else) . As a retired Procurement Director..his brazen disregard for ethics and conflicts of interest is breathtaking.
 
Porteroso
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Even if the Supreme Court kills the current tariffs, a simple majority in Congress can set them at whatever rate Trump says. I would not count on tariffs going away.
 
Evitzee
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Porteroso Porteroso
Even if the Supreme Court kills the current tariffs, a simple majority in Congress can set them at whatever rate Trump says. I would not count on tariffs going away.
I doubt the slim majority in Congress is going to be implementing any tariffs based on Trump's recommendations. Besides, Trump is feeling the heat on people's attitudes on 'affordability' which is the new buzz word in the country. They realize tariffs aren't helping things in that regard. The whole tariff issue is slowly being resolved, by the end of the year they will be pretty much back to normal.
 
Speed2Sea
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Larry S Larry S
lord knows what else
$200 billion investment in the US by Swiss companies by the end of 2028.
 
Dan S
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Speed2Sea Speed2Sea
$200 billion investment in the US by Swiss companies by the end of 2028.
I think Larry means what else Trump and his family is getting. The investment in the US promises are usually a BS "commitment" with no actual meaning or follow-through.
 
Archer
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Speed2Sea Speed2Sea
$200 billion investment in the US by Swiss companies by the end of 2028.
There have been a lot of these “agreements” that are nothing but announcements.

The key is how many deals get through congress…so far I don’t think any have.
 
UncleBuck
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He's more worried about where he has stuck it coming out rather than where he's going to stick it!

Oh heck, I said that out loud, better notify my tax accountant for incoming!
 
Braindrain
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sathomasga sathomasga
That’s not the “standard rule”. Tariffs have always been assessed based on the country of origin

Yes and no. Depends on what bloc trading agreements are in place.

Although I believe the US has exempted itself from most international agreements .
 
dsio
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Good news! Australian beef exports are now tariff exempt in the US, I'm a vegetarian so you guys are welcome to eat all the cow I don't eat

https://www.abc.net.au/news/2025-11-15/trump-agriculture-beef-tariff-exemptions/106013518

This bloke is Buster, I got to meet him this year at the QLD show and he's bloody big.

528740093_1178334697653810_7783851209809892283_n.jpg
 
glownyc
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Speed2Sea Speed2Sea
Fantastic news now all the Swiss brand watches will roll back prices accordingly 😂😂😂
They won't and frankly it would be unwise. It's going to 15% now but could go to 50% next week on a whim.
 
M
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Larry S Larry S
Love and lolly’s between Donnie and the Swiss. It’s back to 15%.All it took was a bribe in the form of a Rolex desk clock and US Open tix ( lord knows what else) . As a retired Procurement Director..his brazen disregard for ethics and conflicts of interest is breathtaking.

Similar role, not retired....and the last year has been one to forget
 
Larry S
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M Mediocre
Similar role, not retired....and the last year has been one to forget
Indeed … We would be fired only one example for the daily behavior we are witnessing.
 
Dan S
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Big tariff news this morning, the Supreme Court has struck down the tariffs that the president implemented unilaterally, affirming that tariffs are within the purview of the legislative branch. 6-3 decision by a right-leaning court that generally sides with the president.
 
Dsloan
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Dan S Dan S
Big tariff news this morning, the Supreme Court has struck down the tariffs that the president implemented unilaterally, affirming that tariffs are within the purview of the legislative branch. 6-3 decision by a right-leaning court that generally sides with the president.
Holy moly! So, when's my refund on all the extra tariff tax I paid over the last year?
 
Dan S
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Dsloan Dsloan
Holy moly! So, when's my refund on all the extra tariff tax I paid over the last year?
Yep, someone will need to decide about those logistics. I don't think the Supreme Court gets that granular, but I imagine that refunds will be litigated next.

Last year, the president could possibly have worked with the republican majority to get some tariffs through congress. It would have been slower and he wouldn't have been able to use them so easily as leverage for political reasons, but it's possible some could have been approved in the usual way. Now, in an election year, it's probably unlikely because the tariffs are broadly unpopular.
 
Dsloan
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I'm sure all the big corporate law firms are about to get busy on this. I wonder about all the small business owners who had to eat those costs, who don't have the capital to sue the Federal government.

In personal watch news, this makes it slightly cheaper for me to buy more used Seikos from Australia!
 
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