Trump tariffs would test pricing power of Europe's luxury goods makers
European luxury goods makers say they could draw on pricing power to offset the cost of any tariffs imposed by U.S. President Donald Trump, but analysts say some brands may have limited room to hike prices.
EU ready to negotiate on car tariffs with Trump, trade commissioner says
EU Trade Commissioner Maroš Šefčovič said the bloc is "ready to discuss" reducing its 10 percent tariff as part of broader negotiations.
Donald Trump considers 25% tariff on imported cars
Donald Trump is considering imposing tariffs of about 25 per cent on imports of cars, drugs and chips into the US as he teased the next steps of a rapidly escalating trade war. The US president said on Tuesday that he was weighing tariffs “in the neighbourhood” of 25 per cent on automotive imports and at least that level on pharmaceutical products and semiconductors.
EU trade chief ready to discuss trade deals, lower tariffs with Trump
The European Union's top trade officials said on Wednesday the bloc was interested in making mutually beneficial trade deals with U.S. President Donald Trump, and was ready to discuss the potential for reducing or eliminating tariffs on motor vehicles and other goods.
President Trump looks to bring manufacturing back to US with tariffs
TRUMP'S TREASURY SECRETARY SHUTS DOWN ANY TARIFF CONCERNS, PRAISES ‘FRICTIONLESS GLOBAL TRADE’ Trump has been busy pursuing other tariffs since taking office as well. He inked
EU considers tighter steel import curbs over Trump's new tariffs
The European Commission is investigating whether to tighten its current system of quotas on steel imports to protect EU producers from new tariffs U.S. President Donald Trump plans to impose on incoming steel and aluminium on March 12.
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Comment | Plunging sale sales see shine come off luxury goods at auction
Personal luxury goods ranging from diamonds to sneakers have proved helpful supplementary revenue spinners for the auction ...
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Seoul busts hidden shop selling fake luxury goods to foreigners
Two South Koreans were arrested for selling counterfeit luxury items to foreigners at a hidden store in Myeong-dong, Seoul.
China’s wealthy shoppers have a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty
After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.
The RealReal Announces Fourth Quarter and Full Year 2024 Results
Fourth quarter revenue of $164 million, up 14% year-over-year, a record high for the company2024 Net Loss of $134 million improved $34 million ...
Swiss Watch Exports Return to Growth Buoyed by U.S.
Exports of Swiss watches returned to positive territory in January, helped by growth in the U.S., which continues to be a key market for the sector amid signs of a potential rebound in demand for ...
Hermès’ stunning success raises the question: What’s everyone else in luxury doing wrong?
Hermès' executive chairman believes "it’s not the success of Hermès, but the world came to us," he said during an earnings ...