Rolex Prices Likely to Rise Following New U.S. Tariff on Swiss Imports
In a shocking move, the United States government has announced a plan to increase tariffs on Swiss imports to 39%. The new tariff rate is set to go into effect starting August 7th, following failed negotiations between the White House and the Swiss government.
This escalation comes on the heels of a tariff introduced in April and surpasses an earlier proposed increase of 31%—indicating rising trade tensions between the two nations.
What Does This Mean for Swiss Watch Brands?
Retail prices for Swiss-owned watchmakers—including Rolex, Tudor, Omega, and Cartier—are expected to rise by an estimated 12% to 14% as a direct result of the new tariff. While the price impact from April’s tariff has only recently started to be reflected in the market, this latest increase could further escalate retail costs in the coming months.
Secondary Market Set to Gain
Collectors and resellers may find a silver lining in the secondary market. Existing U.S. inventory, unaffected by new import duties, may become more attractive to buyers seeking better value. This could stimulate domestic trading activity and temporarily cushion the blow for American retailers holding pre-tariff stock.
Negative Impact on Swiss Industry
The consequences, however, could be severe for Switzerland’s watch sector. The country relies heavily on exports to the United States—its largest market—and the added tariffs could disrupt sales significantly. Smaller Swiss brands, in particular, may find it difficult to absorb these increased costs, potentially threatening their operations.
Additionally, the move may put thousands of American jobs at risk within retail, logistics, and after-sales service sectors tied to the Swiss watch import business.
Can a Deal Still Be Reached?
There remains a narrow window of opportunity: if the Swiss government can negotiate an agreement with U.S. officials before August 7th, the tariff hike could still be averted. For now, however, the luxury watch industry—and its consumers—are bracing for significant changes ahead.
| Brand | Model | Current MSRP (USD) | Estimated MSRP After Tariff (12–14%) |
|---|---|---|---|
| Rolex | Submariner Date | $10,800 | $12,100 – $12,300 |
| Tudor | Black Bay 58 | $4,000 | $4,480 – $4,560 |
| Omega | Speedmaster Moonwatch | $7,400 | $8,288 – $8,436 |
| Cartier | Tank Louis (Large Model) | $13,000 | $14,560 – $14,820 |
Note: These figures are estimates based on a 12–14% tariff impact and do not account for exchange rate fluctuations or brand-specific pricing strategies.
Leave a comment