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Trump's tariff threat slams European luxury brands, causing stock drops and potential price hikes.
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.
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.
The French and Italian luxury industries, employing over 600,000 people, are particularly vulnerable to these changes.
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La amenaza arancelaria de Trump golpea a las marcas de lujo europeas, causando caídas en las existencias y aumentos potenciales de precios.