Luxury giant LVMH hit by US-EU trade tensions

Luxury goods giant LVMH reported a 2% decline in first-quarter sales. The dip comes amid mounting uncertainty sparked by Donald Trump’s global tariffs, including a 20% duty on European goods. The United States, which accounts for a quarter of LVMH’s total revenue, saw a slight overall sales decline, despite resilience in fashion, watches, and jewellery.