Jeweller Pandora sees annual U.S. tariff impact of $178 mln
Pandora's share price plunged 12% on Thursday to a 15-month
low after U.S. President Donald Trump hiked duties on imports
from a wide range of countries, including a 37% tariff on
Pandora, whose single biggest market is the U.S., accounting
for 31% of revenue last year, said the impact from tariffs set
to take effect on
Pandora said it is considering price hikes and changes to
its supply chain to mitigate the impact, and expects to be able
to fully mitigate 250 million crowns linked to goods eventually
sold in
"Pandora will be monitoring the development closely,
including discussions between the U.S. and countries impacted by
the tariffs," the company said.
(
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