Reported about 4 hours ago
The luxury sector is expected to remain resilient to President Trump's upcoming tariffs on imports from Canada, Mexico, and China, according to portfolio manager Markus Hansen. While mid-range brands may feel the impact, high-end brands like Hermes and Richemont are less likely to be affected, as their wealthy clientele is generally unconcerned with price increases. Hansen notes that tariffs are not new to the luxury market and highlights the long-standing resilience of these brands, which have weathered various economic challenges over the last 150 years.
Source: YAHOO