Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
1. Hermès to raise U.S. prices in May due to tariffs impact. 2. Sales growth in the Americas at 11%, slower than past quarter. 3. Hermès overtakes LVMH by market cap, but revenue remains much lower. 4. Luxury sector expected to better absorb tariff costs than other retailers. 5. Broader consumer spending pullback due to recession fears may impact sector.