\n<\/p>\n
Rolex is facing scrutiny over its \u201cconcerning\u201d decision to host Donald Trump in the Swiss watchmaker\u2019s corporate box at the US Open final earlier this month \u2013 weeks after the White House imposed steep tariffs on Switzerland.<\/p>\n
The US senator Elizabeth Warren, Democrat for Massachusetts, asked if the luxury conglomerate was seeking to \u201ccurry favor\u201d by inviting the US president to the event, which it sponsors.<\/p>\n
Trump\u2019s 39% tariff on Swiss exports to the US \u2013 significantly higher than his 15% rate on the European Union, or 10% on the UK \u2013 threatens to pile pressure on Rolex, one of the world\u2019s leading watch manufacturers.<\/p>\n
In a letter to Rolex\u2019s CEO Jean-Frederic Dufour, Warren said: \u201cGiven the president\u2019s 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.<\/p>\n
\u201cI have questions about whether you are attempting to curry favor with the president in an effort to secure special-interest exemptions for Rolex products.\u201d<\/p>\n
These products include the $163,200 white gold and diamond-studded Oyster Perpetual Lady-Datejust. Prices on the firm\u2019s website begin at $5,800.<\/p>\n
The invitation from Rolex to Trump, who attended the US Open final alongside senior administration officials including the treasury secretary, Scott Bessent; the attorney general, Pam Bondi; and the White House press secretary, Karoline Leavitt, as well as his son-in-law Jared Kushner, \u201craises questions about whether you are cultivating a relationship with President Trump in attempts to secure lucrative tariff exemptions for Rolex products\u201d, said Warren.<\/p>\n
She added: \u201cOther corporate executives have used these tactics to escape tariffs, and it would be deeply troubling if your efforts provided another example of the Trump administration\u2019s brazen corruption and capitulation to special interests.\u201d<\/p>\n
Kush Desai, a White House spokesperson, using Trump\u2019s favored jibe about Warren, said: \u201cPocahontas should find a better use of her time than conjuring up asinine conspiracy theories.\u201d<\/p>\n
Rolex did not immediately respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rolex is facing scrutiny over its \u201cconcerning\u201d decision to host Donald Trump in the Swiss watchmaker\u2019s corporate box at the US Open final earlier this month \u2013 weeks after the White House imposed steep tariffs on Switzerland. The US senator Elizabeth Warren, Democrat for Massachusetts, asked if the luxury conglomerate was seeking to \u201ccurry favor\u201d<\/p>\n","protected":false},"author":1,"featured_media":23535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[964,2395,7769,3866,1527,1226,12947,72,81],"class_list":{"0":"post-23534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-donald","9":"tag-faces","10":"tag-invitation","11":"tag-open","12":"tag-pain","13":"tag-questions","14":"tag-rolex","15":"tag-tariffs","16":"tag-trump"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/23534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23534"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/23534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/23535"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}