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The Trump effect and everything else you need to know now about watches
The Trump effect and everything else you need to know now about watches

AU Financial Review

time22-07-2025

  • Business
  • AU Financial Review

The Trump effect and everything else you need to know now about watches

The man currently having an outsized impact on the watch world is not some latter-day Abraham-Louis Breguet or famed horologist, but rather one Donald John Trump. The US president's on-again, off-again threat of tariffs has caused a mighty swing in Swiss watch exports to the world's largest market. Wholesalers and retailers scrambled to beat a possible 31 per cent impost, sending imports up 50 per cent in April (totalling CHF851 million or $1.6 billion) only for the figure to plummet to CHF268 million the following month. The swing is significant given that after more than a decade of Hong Kong and China leading demand, America emerged as the dominant player in 2021. To date this year, it has imported triple the value of the next largest market – Japan – and more than Hong Kong and China combined.

Why Donald Trump's mother's birthplace has a lesson for Scotland in dealing with US President
Why Donald Trump's mother's birthplace has a lesson for Scotland in dealing with US President

Scotsman

time19-07-2025

  • Politics
  • Scotsman

Why Donald Trump's mother's birthplace has a lesson for Scotland in dealing with US President

Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... For anyone requiring a shorthand guide to the character of Donald John Trump, nothing has improved on Anthony Baxter's superb 2011 documentary film 'You've Been Trumped' about how he secured the land and consents required to build his golf course on Menie Estate. It's all there – ruthlessness, vanity, venality, bullying, bombast, contempt for the rights of those he perceives as lesser mortals... None of that is open to dispute. Neither, at the time, was the sycophancy of the Scottish Government or Robert Gordon University, which gave him an honorary degree and then made itself look even dafter by taking it away again. Advertisement Hide Ad Advertisement Hide Ad That was then and this is now. The personal characteristics show no sign of having changed. Like it or not, however, the same Donald John Trump is now President of the United States, elected for the second time with the votes of 77 million people. We might deplore it from afar but we also have to lump it. The American people have spoken. A rare sign of protest against Donald Trump in Stornoway, Lewis, in April. He is usually just ignored (Picture: Andy Buchanan) | AFP via Getty Images Trump loves denunciations As ever, it is necessary to separate the office from the person and righteous indignation from diplomacy. Self-interest as well as common courtesy dictates that Trump should be treated with the respect his office commands and also that his 'personal visit' should be taken at face value. If we wonder why he is back in Scotland, we should not forget the zeal with which his investment and brand were pursued in the first place. And if he wants to dedicate a memorial garden to his mother, then maybe he should be allowed to do just that with as little politicisation as is realistically possible. Respect, of course, does not mean acquiescence. It just means civility. I suspect that only a pretty small minority of Scots want to see next week's visit turned into a circus and for anyone who plans to make it one, the relevant question is: 'Who gains?' Trump is well accustomed to demonstrations and denunciations. He loves them. What he's much less used to is being ignored. Advertisement Hide Ad Advertisement Hide Ad I am not naïve enough to think that is going to happen and everyone has a right to protest. There are myriad grounds for not liking Trump or his policies. However, there also many reasons why it is the interests of Scotland and the UK to maintain a decent relationship, as events of the past few months have confirmed. Donald Trump is due to visit Scotland next week (Picture: Tasos Katopodis) | Getty Images Jobs depend on diplomacy When Keir Starmer had his initial meeting with Trump in the Oval Office, John Swinney was straight out the traps to denounce the offer of a state visit, a treat for poor old King Charles which is yet in store. That's the difference between grandstanding without responsibility and the realpolitik which diplomacy demands. Starmer was, of course, right to play every diplomatic card in the interests of establishing a relationship which would protect the UK from Trump's trade jingoism at that time. It is greatly to the benefit of Scottish industries that he did so, rather than following more excitable advice, and the trade deal which followed seems to mean that we will escape the worst of tariffs. Not a bad trade-off for the flummery of a state visit. People's jobs depend on diplomacy, not denunciation. There is also the difficulty that if policies could be separated from personality, Scotland's views on Trump might be more nuanced than assumed. For example, the 'Stop Trump Coalition' is 'encouraging all those who can to come to Aberdeen to show Trump exactly what we in Scotland think of him'. But who are these 'we in Scotland' – or more specifically in Aberdeen? Advertisement Hide Ad Advertisement Hide Ad There are probably far more in the north-east who agree, than disagree, with Trump's insistence that there is life left in the North Sea, which it makes no sense to abandon for as long as we are gas dependent (ie, the Norwegian policy). The fact Trump is saying that does not make it wrong and if his meetings encourage both Scottish and UK Governments to think again, it would be no bad thing. While that does not need to be linked to his irrational hatred of 'windmills', there is no shortage of doubters about whether the 'just transition' which was promised is actually happening. The beneficiaries of failing to acknowledge any of that will be exactly the forces which Trump has aligned himself to in this country, in the person of Nigel Farage, which would doubtless fill the 'Stop Trump Coalition' with equal horror. Learning from Lewis Maybe the rest of Scotland has a lesson to learn from Lewis which has had to deal with the Trump enigma for longer than anyone else. With any less divisive figure than Trump, it would be a matter of great pride that the President of the United States is the son of an economic migrant who followed the American dream while always maintaining her links with the island. The politics of Trump – and not least his treatment of economic migrants – have long since made that impossible. There are no Trump Trails in Lewis, as there might be in Ireland. Cruise liners full of American tourists arrive and leave without any knowledge of the close connection to the White House. It is something that exists but is neither celebrated nor denounced. Advertisement Hide Ad Advertisement Hide Ad Similarly, nobody can deny the authenticity of Trump's connection to Scotland or the possibility that it is something, however deeply concealed, which actually matters to him. The primary purpose of his visit is to dedicate a second golf course and a garden to the memory of his Macleod mother. Maybe just this once, we should cut Domhnall Iain Trump a bit of slack and let the occasion pass.

Trump back in power: new magazine issue out now
Trump back in power: new magazine issue out now

Yahoo

time06-02-2025

  • Business
  • Yahoo

Trump back in power: new magazine issue out now

So, with Donald John Trump now well and truly back in the saddle, we are likely to see substantial changes in US power production, consumption and exports over the next few years, as the president aims to fulfil his promise to 'drill, baby, drill'. His first term set the US on the path to becoming the world's largest oil and gas producer, accounting for almost 15% of global output. Now, with regulations set to be cut, are we about to witness the US turning into a true energy titan? Oil, with its abundance and multifaceted uses, has become the primary energy source for transportation and industry. Meanwhile, natural gas is a critical component of heating and power networks across vast swathes of the world. However, if they are to maintain their place in the heart of the energy mix, both will need to develop and adopt effective decarbonisation techniques for their upstream operations. Also, as energy security and the optimisation of hydrocarbons have become global priorities, the role of refineries – a key element in turning an extracted substance into something valuable – has grown in importance. We examine what changes are coming. With the sector undergoing rapid technological advancements, it will need to address critical challenges in terms of sustainability, operational efficiency and resource optimisation, as the global demand for hydrocarbons shows no signs of abating. For more information about sponsorship opportunities and our Thematic Take supplements, please . If you like our , to have each issue delivered to your inbox. "Trump back in power: new magazine issue out now" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

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