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flag Hermes to raise U.S. prices by up to 13% in May to counter Trump's import tariffs.

flag French luxury brand Hermes will raise prices in the U.S. starting May 1 to offset 10% import tariffs imposed by President Trump. flag Hermes, known for its Birkin handbags and silk scarves, usually hikes prices annually; this year, a global increase of 6% to 7% was already planned. flag The company reported an 8.5% increase in global sales for the first quarter of 2025, reaching $4.7 billion. flag Sales in the Americas rose by 13.3% to $695 million.

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