Luxury Brands Face U.S. Tariffs
This is a Richemont news story, published by CNBC, that relates primarily to the European Union news.
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Entertainment
Luxury firms face tariff hit as recession fears mount

76% Informative
Shares of European luxury stocks LVMH, Richemont , Kering and Hermes slip lower Wednesday as levies on U.S. imports from the European Union took hold.
Upbeat fourth-quarter results from high-end fashion groups had pointed to a turnaround in the sector.
Deutsche Bank said Wednesday that rebound could be "the anomaly and not the trend".
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