Hermès to raise US prices following Trump’s tariffs
- Hermès will increase its U.S. Prices starting in May to counter President Donald Trump's tariffs.
- The price increase will affect all Hermès business lines in the United States.
- The increase aims to 'fully offset' the impact of a universal 10% tariff that began in early April.
- Hermès previously indicated potential price hikes related to tariffs in February.
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Some of the world's most expensive bags are about to cost even more for Americans
Hermès plans to raise prices in the US to offset the effect on tariffs.Edward Berthelot/Getty ImagesHermès said on an analyst call on Thursday that it will raise prices in the US.The price hikes are because of Trump's tariffs, which the brand said haven't yet affected them.The Birkin bag, a staple for Hermès, already retails for more than $10,000.Luxury retailer Hermès announced on Thursday that it's raising prices in the US to offset the effect…
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