What time is it?
Time for businesses to push back on proposed tariffs on imported metal, namely steel and aluminum, that President Donald Trump announced this week. If increases of 25% go through, it could mean a price jump of the trademark stainless-steel watches made by accessories company Fossil Group Inc. (FOSL) — and lost business.
Unlucky for Fossil, which has started to get its groove back after its stock plummeted from about $100 three years ago to trading on Friday at $13.60. The company's turnaround brought the stock up 87% to $16.97 on Feb. 14.
So, Mr. Trump, rethink your tariff idea. Then, rewind your watch.