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Euronews
Euronews
Indrabati Lahiri

Hermès leaves wealthy clients to pay for cost of Trump tariffs

Hermès Trump Luxury United States European Union France

Hermès revealed during a call with analysts on Thursday that it would be increasing prices for American customers in order to offset the US’ 10% tariffs on EU goods.

These hikes, set to come into effect from 1 May, are expected to help the company protect its margins and fully compensate for the extra import costs.

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