Hermès' Expensive Bags Are About to Get Even More Expensive

After reporting Q1 2025 sales below analysts' expectations on Thursday, Hermès announced plans to raise the prices on all products sold in the United States to counteract the weight of President Donald Trump's new tariffs."We are going to fully offset the impact of these new duties by increasing our selling prices in the United States from May 1, across all our business lines," said Finance Chief Eric du Halgouet via BoF. The French brand, which previously warned consumers of such tariff-induce...