Hermès said prices will rise from May 1 and aim to “fully offset” the impact of the universal 10% tariff the White House imposed in early April.

Hermes’s first-quarter sales were dragged down by a continued lull in China, but were still better than peers.

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.