Elizabeth Warren accused Rolex of trying to avoid Trump’s 39% Swiss export tariff

Senator Elizabeth Warren just dropped a grenade on ￰0￱ Wednesday, she sent a letter to CEO Jean-Frederic Dufour calling out the Swiss watchmaker for hosting President Donald Trump at their midcourt box during the ￰1￱ invite, she said, looks like a play to wiggle out of the 39% tariff Trump slapped on Swiss exports in ￰2￱ letter didn’t leave much room for guessing. “This invite… raises questions about whether you are cultivating a relationship with President Trump in attempts to secure lucrative tariff exemptions for Rolex products,” Elizabeth ￰3￱ said Rolex could be copying the playbook of companies like Apple and ￰4￱ tech giants announced domestic investments shortly after Trump returned to the White House in ￰5￱ earlier this month, Trump brought in top tech execs for a White House ￰6￱ pattern, she implied, isn’t subtle: flatter Trump, sit close, and maybe get a special ￰7￱ letter followed a very public ￰8￱ was seen sitting right next to Dufour during the men’s championship match at the ￰9￱ didn’t come ￰10￱ family members were ￰11￱ Secretary Scott Bessent showed ￰12￱ did Press Secretary Karoline ￰13￱ News reported the whole crew was packed into Rolex’s luxury ￰14￱ sets a 39% tariff while Swatch trolls with a limited-edition watch That same month, Trump hit Switzerland with a 39% export levy, way higher than what the European Union and the ￰15￱ ￰16￱ means Swiss watchmakers like Rolex are now in a ￰17￱ take the hit or pass the cost to ￰18￱ Luca Solca at Bernstein told clients that “the last minute deal that many had hoped for didn’t materialize.” That deal was supposed to avoid exactly ￰19￱ it fell ￰20￱ Rolex played the court-side game, Swatch pulled a PR ￰21￱ launched a watch with the numbers 3 and 9 ￰22￱ left to right?

It read “39.” A company spokesperson told CNBC the model would be sold only until the ￰23￱ its tariff ￰24￱ was ￰25￱ ￰26￱ ￰27￱ a quiet middle finger in watch form. Elizabeth, though, didn’t let Rolex slide. “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,” she ￰28￱ everyone appreciated her ￰29￱ House spokesman Kush Desai fired back, saying , “Pocahontas should find a better use of her time than conjuring up asinine conspiracy theories.” ￰30￱ China aircraft deal as TikTok deal moves forward Meanwhile, on the global trade front, Bessent went on Fox Business on Wednesday to say the ￰31￱ “levers” when it comes to ￰32￱ said those include aircraft engines, chemicals, plastics, and silicon parts.

A day earlier, ￰33￱ to China David Perdue said China is finalizing “a huge order” of Boeing ￰34￱ called it a possible “centerpiece” for a broader ￰35￱ deal talk didn’t stop with ￰36￱ and China’s President Xi Jinping spoke on ￰37￱ that call, Trump announced an agreement to spin off TikTok’s ￰38￱ White House later said Oracle would be part of the investor group taking ￰39￱ puts another tech company on the frontlines of Trump’s global trade ￰40￱ the White House trades favors, tariffs, and TikTok shares, Elizabeth is now demanding to know if Rolex just made itself the latest company to kiss the ￰41￱ if so, she wants ￰42￱ you're reading this, you’re already ￰43￱ there with our newsletter .