When one turned away, the message would instantly become different, like changing "Down with the heat" to "Down with the cops" - https://sztukapubliczna.pl/pl/precz-z-u-palami-pomaranczowa-...
https://en.wikipedia.org/wiki/Orange_Alternative
the whole world is a work of art, so even a single policeman standing in the street is a work of art
I’ll stick with my Patek Philippe Nautilus 5811 [1], thanks ;)
Also Swiss btw.
[1] https://www.patek.com/en/collection/nautilus/5811-1g-001
Ok, I can give you a Skin Irony, but then you would be paying +200 for a Quartz, why not buy an Orient Bambino or a Hamilton Khaki? much better bang for the buck.
Not to mention the clicking noise of a Swatch quartz. In silence, it drives me nuts.
The most understated watch they make is the Swatch Pay!. Super useful, never fails.
Whether the quartz movement bothers you depends on why you bought the watch. It doesn't bother me, but it's certainly true that you can get similar watches for much less money.
Kind of insane that the American President just made up a lie that tariffs are paid by foreign countries and rest of the administration just went along with it. It flies in the face of any common sense.
The consumer paying the tariff is merely an optimization over the exporter paying the tariff such that the tariff money passes through one less hand. Practically they seem pretty similar.
If the demand curve is very price sensitive - like people might stop buying wool blankets if the price went up 50%, and buy cotton blankets instead - then the tariff will be paid by the suppliers, because they must lower their prices to make the final price the same.
And similarly, if the buyers are inelastic, they will pay the tariff. Like for baby formula, maybe parents are willing to stomach significant price hikes without changing how much they buy.
Nobody can predict this. Tariffs are used by trump mostly as a negotiation and distraction tactic. In that sense they've been extremely effective.
yes, as a pump and dump scheme. He and people in his administration have made a lot of money with tariffs!
Before a tariff is imposed, the seller sells the good for $10 and keeps $10 in revenue.
If a tariff of $1 is imposed under these hypothetical circumstances, does the buyer pay more? Does the exporter get paid the same as before?
Clearly, it's neither guaranteed that the buyer will "pay more" nor that the export will "get paid the same as before". In reality because demand is neither 100% elastic nor 100% inelastic, what tends to happen is that the cost of the tariff is split in some ratio between the buyer and seller.
I find it mildly amusing that there are so many people claiming that it's 100% on one side or other, when it's trivially easy to see why that can't be GUARANTEED TO BE the case.
To be fair most people on one side think they know better than Adam Smith and the people on the other side usually never opened a book, so it's a tough bargain.
One problem with this analysis is that I can't imagine Trump doing it, or even understanding it. Well, it's not a problem with the analysis, but with the overall situation.
[1] https://www.ussc.edu.au/chinas-trade-restrictions-on-austral...
The correct thing to say is that the tariff has an effect on demand because of the impact of adding a tariff on top of the price.
Exporter pays: Consumer ends up paying price + tariff, then seller pays the tariff to the shipping company, which pays it to the government.
Importer pays: Consumer pays price, then later pays the tariff to the shipping company, which pays it to the government.
In both cases the consumer is paying price + tariff. A small difference is that some consumers could be psychologically tricked by the lower price tag in the importer pays model.
Microeconomics 101: https://www.khanacademy.org/economics-finance-domain/microec...
If it were a Rolex or a Patek Philippe that did the same, I'm sure there'd be another zero at the end.
Tariffs are a tax, paid on the value of imported good, by US citizens who are buying things from outside of the USA. That's it. They are not paid by anyone outside of the US.
Now tariffs are imposed, my import cost per widget is $139. Not only do I have to jack up my US price to $189, I have to jack up my UK price to £142, meaning UK customers are also paying the tariff now.
Even if you’re a bit smarter about your logistics and use an FTZ or drawback against the import duties, imagine you sell two widgets, one where you don’t pay import duties (bound for the UK) and one where you do (remaining in the US). Your total cost to import is $239.
Instead of making your US customers eat all the cost of the tariff, you might instead adjust your retail prices to $170 and £128 respectively. Again, now your British customers are paying an increased price due to the tariffs.
Edit: for that matter, if you could raise your prices without losing any customers, why did you wait for the tarrifs? You should have already done it.
Did they lower the US import price before the tariff is applied in the US?
brightbeige•2h ago
Here’s a link to the Swiss store which has more details, like price: https://www.swatch.com/en-ch/what-if-tariffs-so34z106/SO34Z1...
Quarrel•2h ago