Handbags, scarves and other goods sold in the United States by French luxury brand Hermes will cost more in May due to tariffs imposed by President Donald Trump.

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.

Just when there seemed to be little hope that Donald Trump would reverse his aggressive tariff plans, Mr. Market saved the day, forcing the U.S. president to reverse course. But what might be at the root of Trump’s U-turn is not concern about tanking markets,

The head of the World Trade Organization warned a steep decline in global trade volume is coming due to President Trump's sweeping tariffs, but the president promises his policies will lead to a boon for U.

Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,

Trump’s comments come after Powell said Wednesday that Trump’s tariff increases were larger than anticipated and could inflict significant economic damage.