US EditionTrump's tariffs threaten Europe's luxury industry. Wsj report
2 Articles
2 Articles
Even before the end of the 90-day moratorium granted to the eurozone on customs duties, now the American president is back on the charge, threatening to impose 50% taxes on imports from the European Union. Enough to penalize luxury stocks (LVMH, Kering, L'Oréal, Hermès), the spirits sector (Pernod Ricard and Rémy Cointreau), aeronautics (Safran, Airbus), automotive (Stellantis and the equipment manufacturers Forvia, L'Oréal, Hermès), and semicon…
Trump's tariffs threaten Europe's luxury industry. Wsj report
Trump's tariffs are shaking the foundations of the European luxury industry's business model. The Wall Street Journal's analysis European luxury brands have long peddled expensive handbags based on the mysterious allure of where they’re made. Now the trade war is testing the value of manufacturing in places like this sun-kissed city. For years, Ubrique’s workshops have produced leather goods for Chanel, Louis Vuitton and other brands, employing …
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