American consumers of Australian luxury goods are still revelling in post-Covid shopping sprees, with tariffs doing little to curb the spending power of the US’s top 1 per cent.
Last month, Gold Coast luxury boat manufacturer Riviera loaded its largest-ever consignment of vessels onto a ship destined for Florida, where the company has traded for 40 years and now sells craft for up to $6.8m.
Florida-based Riviera sales director Chris McCafferty tells NewsWire the 10 per cent tariffs on imports to the US have done little to weaken demand.
“The tariffs have certainly been part of the purchase conversation over the past few months; however, they don’t appear to have had a material impact,” he said.
“What we’re seeing is more of a normalising correction in the market following the heightene