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.

Hermès has announced that it will continue to boost handbag production as its sales outperform those of its competitors, especially LVMH’s portfolio, including Louis Vuitton, Loewe, and Dior.

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 luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday.