Tariff Woes Put European Luxury on Notice
The U.S. has thrown a curveball at Europe’s luxury giants. President Donald Trump’s new import tariffs—15% on most European goods—land squarely on the likes of Gucci, Prada, and Hermès. The levy is lower than the 50% once floated, but still enough to squeeze profit margins and force tough decisions on brands that rely heavily on … Read more