Recent News | Gucci

Tariffs Threaten Luxury Brands Like Gucci, Hermès

The global financial markets are experiencing a mixed reaction to recent news. The luxury sector is reacting strongly to the potential imposition of tariffs on high-end goods such as Birkin bags and Gucci shoes, with some analysts warning that this could have a negative impact on consumer spending. Meanwhile, the US dollar has weakened against its Canadian counterpart after Prime Minister Justin Trudeau announced he would step down as leader of his party, sparking concerns about the future of trade relations between the two countries. In contrast, the Seoul stock market rose 1.9 percent despite ongoing political uncertainty, while Tokyo's Nikkei 225 fell 1.5 percent due to a decline in Nippon Steel's shares after its proposed purchase of US Steel was blocked by President Joe Biden.

https://www.montanarightnow.com/national_news/us-european-markets-mostly-rise-as-trump-tariff-plans-in-question/article_d966df49-5e75-511f-a907-65c204b2f5df.html