Trump’s Tariffs Hit European Luxury Industry, Shares Tank

After Trump announced his recommendation of 50 percent tariffs on all goods from the EU starting June 1, stocks in luxury groups like LVMH and Hermès fell.

May 23, 2025 - 15:05
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Trump’s Tariffs Hit European Luxury Industry, Shares Tank
After Trump announced his recommendation of 50 percent tariffs on all goods from the EU starting June 1, stocks in luxury groups like LVMH and Hermès fell.