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39% Tariff on Swiss Watches has Happened. Switzerland is in trouble.
DescriptionThe USA has put some CRIPPLING TAXES ON SWITZERLAND and for our purposes, Swiss Watches. This is a huge deal for the watch industry and I have no idea how they are going to navigate such a GIANT HIT on imports. Rolex, OMEGA, Longines, Swatch, Cartier are SWEATING but it's even scarier for the smaller brands and indepenMore
The USA has put some CRIPPLING TAXES ON SWITZERLAND and for our purposes, Swiss Watches. This is a huge deal for the watch industry and I have no idea how they are going to navigate such a GIANT HIT on imports. Rolex, OMEGA, Longines, Swatch, Cartier are SWEATING but it's even scarier for the smaller brands and independents.
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TIME STAMPS:
0:00-0:58 - Intro
0:59-1:59 - Will watches cost 39% more?
2:00-3:29 - Can you change the country of origin?
3:30-6:27 - Does this mean better availability outside the Us?
6:28-9:10 - Can't rich people afford it?
9:11-9:52 - Is this good for Germany, Japan, outside Swiss watchmakers?
9:53-10:17 - Who will be hit the hardest?
10:18-12:23 - My thoughts and PATRONS ROCK!
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