Multiple luxury brands plan to raise prices in the U.S

Zhitong
2025.04.19 04:13

The new tariff policy of U.S. President Trump is causing price increases in the luxury goods industry. French luxury brand Hermès stated on the 17th that it will pass the tariff burden onto American consumers to offset the impact of the tariffs. Previously, another French luxury giant, LVMH Group, also mentioned in its earnings report briefing that it would consider raising prices to cope with U.S. tariffs. The luxury goods industry relies on global supply chains and market demand, and is now facing significant obstacles due to the unpredictable trade policies of the United States