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Why Rolexes and Nikes could get more expensive

Why Rolexes and Nikes could get more expensive

The ripple effects from the biggest assault on free trade in decades will be felt across the world – not just on US shop shelves.

Andrea Felsted
Updated
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Even Bernard Arnault couldn’t save European luxury from Donald Trump’s tariffs.

The US president this week introduced sweeping levies on European and Swiss goods. The onslaught will hurt exports of Louis Vuitton handbags and Rolex watches, and is likely to make them even pricier for US buyers.

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Original URL: https://www.afr.com/world/north-america/iphones-and-nikes-to-get-more-expensive-in-trump-s-trade-war-20250404-p5lp2z