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Kiplinger
Kiplinger
Business
Paige Cerulli

Vacation Couture: Why Wealthy Americans Are Flying to Europe to Save on Luxury

Luxury Europe United States
An entrepreneur handbag designer arranges her goods inside her store.

Trump tariffs are increasing the price of shopping for luxury goods in the United States.

In late July, the administration imposed a 15% tariff on goods imported from the European Union, hitting popular luxury items like French perfumes, high-end face creams, designer clothing and handbags.

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