Hermès is set to increase prices in the U.S. starting May 1 to counter the effects of a new 10% tariff on imports from the European Union. This decision was communicated by Eric du Halgouët, the executive vice president of finance, during an earnings call. While the price hikes will affect all business lines, the exact changes are still being determined. The luxury brand, which produces about 75% of its products in France, is focused on maintaining consumer loyalty amid economic uncertainties.

Source: https://www.supplychaindive.com/news/hermes-raises-prices-tariffs-q1-earnings/745764/