Rolex faces questions over Trump US Open invitation amid tariffs pain | Donald Trump

Rolex is dealing with scrutiny over its “regarding” determination to host Donald Trump within the Swiss watchmaker’s company field on the US Open ultimate earlier this month – weeks after the White Home imposed steep tariffs on Switzerland.The US senator Elizabeth Warren, Democrat for Massachusetts, requested if the posh conglomerate was looking for to “curry favor” by inviting the US president to the occasion, which it sponsors.Trump’s 39% tariff on Swiss exports to the US – considerably larger than his 15% fee on the European Union, or 10% on the UK – threatens to pile stress on Rolex, one of many world’s main watch producers.In a letter to Rolex’s CEO Jean-Frederic Dufour, Warren mentioned: “Given the president’s report of doling out particular remedy to CEOs who’re in a position to woo him with flattery, payoffs or each, the timing of his attendance on the match within the Rolex field is regarding.“I’ve questions on whether or not you are trying to curry favor with the president in an effort to safe special-interest exemptions for Rolex merchandise.”These merchandise embrace the $163,200 white gold and diamond-studded Oyster Perpetual Girl-Datejust. Costs on the agency’s web site start at $5,800.The invitation from Rolex to Trump, who attended the US Open ultimate alongside senior administration officers together with the treasury secretary, Scott Bessent; the legal professional normal, Pam Bondi; and the White Home press secretary, Karoline Leavitt, in addition to his son-in-law Jared Kushner, “raises questions on whether or not you might be cultivating a relationship with President Trump in makes an attempt to safe profitable tariff exemptions for Rolex merchandise”, mentioned Warren.She added: “Different company executives have used these ways to flee tariffs, and it will be deeply troubling in case your efforts supplied one other instance of the Trump administration’s brazen corruption and capitulation to particular pursuits.”Kush Desai, a White Home spokesperson, utilizing Trump’s favored jibe about Warren, mentioned: “Pocahontas ought to discover a higher use of her time than conjuring up asinine conspiracy theories.”Rolex didn’t instantly reply to a request for remark.