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Hermes announced Thursday it is hiking prices only in the United States due to the impact of the 10% tariff that Trump imposed on goods produced by European Union members, including France.

Hermes this month briefly overtook its rival LVMH in market cap. Liao Pan/China News Service/VCG via Getty Images With high profits and a reliable base of wealthy clients, LVMH (LVMHF) and Hermes ...

French brand Hermes, maker of leather goods and handbags and currently the most valuable luxury group worldwide, announced on Thursday it would hike its prices in the United States to offset the ...