Given the president's record of doling out special treatment to CEOs who are able to woo him with flattery, payoffs or both, the timing of his attendance at the match in the Rolex box is concerning. I have questions about whether you are attempting to curry favor with the president in an effort to secure special-interest exemptions for Rolex products.
While the precise effect of US tariffs on retail sales remains unknown, we expect higher retail costs will continue to push consumers toward the secondary market and have an uplifting effect on prices.