Double Whammy of Tariffs and Foreign Exchange Rates – Openwork Episode 39
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How the Watch Industry Is Responding
On the latest episode of Openwork, we go inside the industry response to the double whammy of US tariffs and foreign exchange rates. We address common myths, offer a look behind the scenes at the industry response, and discuss the implications for watchmaking in the US.
Recommended Resources on Tariffs and Foreign Exchange
One of the biggest challenges for us all navigating these changes has been accurate information. Below are a number of resources we recommend for further reading and watching:
- Teddy Baldassare Tariff Overview Video – a great primer on all things tariffs and watches, including how duties are calculated, who pays them, and how they impact pricing.
- HODINKEE Watch Industry Tariff Coverage – Andy Hoffman's reporting at HODINKEE has been accurate and well-researched, including interviews with industry executives.
- Swiss President on US Trade Negotiations (AP) – the latest on Switzerland-US negotiations as of April 25.
- Why The US Dollar Is Losing Value in 2025 (The Compound and Friends) – an informative interview with Kenneth Rogoff – author, Harvard professor, and former IMF chief economist – on why the US dollar has been losing value in light of current events. (Rogoff is interviewed by Josh Brown – CNBC commentator, CEO of Ritholtz Wealth Management, and inventor of Blues Traveler.)
Hosted by Asher Rapkin and Gabe Reilly, co-founders of Collective Horology, Openwork goes inside the watch industry.
You can find us online at collectivehorology.com. To get in touch with suggestions, feedback or questions, email podcast@collectivehorology.com.