European Luxury Stocks Drop on Trump's Tariff Threat -- Market Talk
Dow Jones
Jul 14
0741 GMT - Shares in European luxury names slide after President Trump's EU tariff threat. According to a letter sent to the bloc and posted on Truth Social, the U.S. will charge a 30% tariff on European goods. Shares in LVMH, the sector's bellwether, fall 1.1%. Hermes drops 2.3% while shares in Cartier owner Richemont and Gucci parent Kering slide more than 1.3%. Italian luxury brand Brunello Cucinelli trades around 2% lower, while peers Moncler and Salvatore Ferragamo fall 1.8% and 1.7%, respectively. Burberry drops around 1.3%, while Swatch Group slides 1.5%. German premium-apparel maker Hugo Boss falls 0.8%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 03:41 ET (07:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.