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flag Trump's tariff threat slams European luxury brands, causing stock drops and potential price hikes.

flag Trump's proposed 50% tariff on EU goods, starting June 1, caused a significant drop in shares of European luxury companies like LVMH and Hermes. flag These firms, which sell about a quarter of their products in the U.S., face challenges in moving production to the U.S. and may have to adjust prices to cope with the tariffs. flag The French and Italian luxury industries, employing over 600,000 people, are particularly vulnerable to these changes.

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