Importand notice for US customers

On February 1st, 2025, U.S. President Trump issued three Executive Orders imposing tariffs on Canada, Mexico, and China. No tariffs have been imposed on Europe at this time. The situation remains fluid, and we will continue to monitor developments and provide updates as needed.

The Executive Orders announced that as of 12:01 AM on February 4, 2025, the following would take effect:

• An additional 10% tariff will be imposed on all goods from China
• Additional tariffs of 25% will be imposed on all goods from Canada and Mexico
• Energy (oil, natural gas, electricity) resources from Canada will receive a 10% tariff
• The tariffs are to be applied on top of existing tariffs
• De minimis treatment is suspended for all impacted goods. As such, regardless of value, all goods will be subject to the applicable duties, and the waiver of duties under Section 321 (U.S. de minimis) is no longer applicable.

On February 3, the U.S. put a one month pause on the tariff action to Mexico and Canada. This means that the current de minimis levels remains in place.

As of 12:01 AM on February 4, 2025, the following will continue to take effect:

• An additional 10% tariff will be imposed on all goods from China with de minimis suspended.

Tariffs are based on country of origin, not country of export. The commercial invoice determines the applicable tariffs.

Because my watches are made in Hong Kong (which is part of China) charges apply to all watches entering the US from 4 February.

Prior to this executive order, US customers could import $800 worth of goods without having to pay any import charges. This $800 limit has now been removed from goods manufactured in China and charges are due on the entire invoice value.

Eddie