Trump’s tariff move hits European luxury sector, shares fall
European luxury stocks fell sharply after President Trump proposed a 50% tariff on EU goods starting June 1, threatening a key market for brands like LVMH, Hermès, and Birkenstock amid slowing Chinese demand.
European luxury stocks fell sharply after President Trump proposed a 50% tariff on EU goods starting June 1, threatening a key market for brands like LVMH, Hermès, and Birkenstock amid slowing Chinese demand.
