You don’t happen to have investments in China or Saudi-Arabia? I’d worry far more about those.
LOL, nope, hadn’t crossed my mind yet
I don’t have any in the US either but some with companies who seem to think the US is a safe place to enlarge in.
Can’t blame Mr. Jean-Frederic Dufour, a true Swiss patriot:
Sen. Elizabeth Warren served Rolex with a critical letter on Wednesday for hosting President Donald Trump at the U.S. Open, alleging that the Swiss company could be trying to sidestep tariffs slapped on its home country.
The Massachusetts Democrat said that Rolex’s actions mark the latest example of companies benefiting from their leaders’ relationships with Trump. She said the event warrants an inquiry into “whether you are taking a page from Apple and Nvidia’s playbook.”
“This invite … raises questions about whether you are cultivating a relationship with President Trump in attempts to secure lucrative tariff exemptions for Rolex products,” Warren wrote in the letter addressed to Jean-Frederic Dufour, the watchmaker’s CEO, that was shared exclusively with CNBC.
Just thinking that there was a time when bribes paid to individuals in other countries were tax deductible.
Well, Trump has decriminalized bribes. Maybe he’ll make them tax deductible again (MBTDA!)
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Last hope 
Waiting for the engraved stone slabs
Tariffs down to 15%
Press conf at 16h00
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Sheer and utter bribery. We Swiss should be ashamed of ourselves.
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Not long ago, bribes to foreign private entities were tax deductible. Cost of doing business and all that.
Press conf link, I guess this one will be in French.
I just poured me a bit of absinthe. I’ll take a sip for every indirect and politically correct reference to bribing 
As always most of the press conference is extremely boring. I could not listen until the end.
Anyway, a juicy detail was given.
Congrats, a deal was made, “un terrain d’entente” was found in Mr. Parmelin words. However, there is no defined date for the effective reduction of the tariffs. The US gov is “working on it”. The job for the US gov is to write new rules and distribute the new rules to the relevant people, mainly customs offices.
So, we’re now in limbo. No business will be concluded until the new rules are in place. What if you order today and find out that you overpaid 10% by next month?
Before the new tariffs were effective, there was peak in deals. Now , zero.
What leaves me baffled is the 200 billion “planned investment in US” until 2028…
200 billion?
Wouldn’t that investment being used locally more than offset the loss from the 39% tarrifs?
I mean the total annual trade is less than 90 billion. The trade “imbalance” is barely 8 billion
Where is the “deal” in this? Other than financing Trump’s reelection?
And the most important detail, which watch?
Yes, it’s a Rolex. But it’s not a watch, it’s a clock, a desk clock to be precise.
The clock appears to be a new version of a Rolex desk clock, which, beyond the recently announced Submariner Date Desk Clock, is typically not for sale but instead gifted to employees and VIPs. The clock is likely relatively cheap, by Rolex standards, and contains a quartz movement and is made of steel and brass, not gold.
The one in the Oval Office appears to have a green, potentially “Malachite” dial. Malachite is a precious stone that Rolex uses on several precious metal watches. The version below sold at Aniquorum for CHF 12,500 (approx $15,500) in 2018. For comparison, Rolex’s newly released Submariner Date Desk Clock Ref. 909010LN retails for $10,270 (before tariffs), but it’s currently unclear whether the President’s new clock is an extension of a new desk clock collection or a less expensive PR-oriented item.
Well, in the mean time, Novartis ain’t just sitting around waiting and doing drugs.
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And, the show is now on the 2nd act:
U.S. likely to demand more for customs deal than previously known
Switzerland is exempt from the 39 percent tariffs of the USA. In the next “days or weeks” the tariffs are to fall to 15 percent, according to Economy Minister Guy Parmelin (66) on Friday before the media.
However, much is still unclear. The agreement is not binding – in a few months the non-binding declaration of intent is to become the fixed contract. This requires negotiations.
Does the U.S. ultimately demand more than the Federal Council has communicated?
And what a show. Wealthy landowners ask for more subsidies, don’t you see how much they suffer?
Switzerland is making concessions to the US on importing beef and dairy products. The President of the Swiss Farmers criticizes this – and calls for compensation measures.
City dwellers want to buy more weapons from the trustworthy USA. FFS!!! Send a bigger plastic Rolex and save billions.
The «NZZ am Sonntag» writes that the bourgeois majority in the Federal Council wants to bring in the purchase of armaments as a bargaining chip for the talks. She refers to several federally sourced sources. According to insiders, the purchase of more Patriot systems or guided weapons should be in the foreground.
Blick, I love you. You’re evil but you really know your customers, your work is inspirational The irony here is that the farmers who cry about US beef imports to CH are the very same ones already buying the Ford Ranger Tremor and lusting after a Ram 3500 diesel dually.
In the American statement, for example, it is said that Switzerland should adopt American safety standards for cars. So far, cars in the U.S. have to be costly adapted for approval in Switzerland. According to the Sunday newspaper, the new regulation would mean that more US pick-ups will be on Swiss roads in the future. Further, perhaps even the Tesla Cybertruck would be approved – so far, Elon Musk’s vehicle does not meet the local standards.
All links above are from blick. The adult version of the story via the NZZ am Sonntag.
Simon Evenett, professor of geopolitics and strategy at the IMD Business School in Lausanne, warns in an interview with the NZZ am Sonntag that Switzerland is still a long way from a real deal. “What is currently available is only a negotiating mandate in which the desired result is recorded.” He points out that in the White House’s “Joint Statement” published on Friday, the word “intending” – in German “intend” – appears 46 times.
In order to reduce the risk that Donald Trump will increase tariffs again on a whim, the federal government must now convert the “legally non-binding declaration of intent” into a binding trade agreement. The path is likely to be rocky – perhaps even far more rocky than it seemed at the appearance of Parmelin and Budliger Artieda.
There is also the uncomfortable fact that Donnie keeps dancing around which is only Congress can sign trade deals.
Selling out CH to this mafia USA.
You forgot to mention the John Deere Landtechnik | John Deere CH
Plus a 1kg gold bar
Pfff, JD is junk. Fendt Vario is the real deal.
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