Hermes to hike high-end handbag prices for US customers to counter Trump tariffs

Hermes, the high-end fashion house behind the famous Birkin bag, plans to hike prices in the US to counter President Trump’s tariffs, the luxury retailer said Thursday.The Paris-based company — which manufactures the vast majority of its goods in France — will raise prices enough to offset any hit to growth from the current 10% tariff on the European Union, according to Eric du Halgouet, Hermes’ executive vice president of finance.“We haven’t seen any impact, but we remain very conservative,” he said during ...