Hermès Raises Prices on U.S. Goods Due to Trump Tariffs

Luxury brand Hermès is increasing prices of its handbags and scarves for American shoppers, citing tariffs imposed by President Trump on Chinese goods. Effective May 1st, the price hike will solely impact US markets, while European and Asian customers will see no change. This action comes as a response to the 10% universal duties imposed by the White House in early April.