European luxury stocks slide on another tariff threat

Swatch groupAG

19/01/2026 09:23

** Shares in the European luxury sector fall after Donald Trump said on Saturday U.S. would impose another wave of tariffs for some European countries

** European luxury product makers Hermes HRMS.PA, Kering PRTP.PA, Pandora PRTP.PA, Swatch UHR.S and Richemont CFR.S fall between 2%-3.5%

** LVMH LVMH.PA, which received a downgrade from Morgan Stanley, slips more than 4%

** LVMH among top percentage losers on STOXX 600 .STOXX, which is down 1%

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))