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.

We’re very attached to our production where it is,” executive chair Axel Dumas previously said of Hermès’s manufacturing.

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,

President Trump lashed out at Powell for not acting sooner to lower interest rates. The president's own tariffs make that more difficult, by putting upward pressure on prices.