European luxury producers are taking the heat off in a savvy way. Amid the 30% tariffs imposed by the U.S., top-tier brands like Vienna's renowned glassware maker Lobmeyr are staying cool – because when you deliver exceptional quality, a price bump is just part of the luxury experience 😎.
Leonid Rath, managing partner at Lobmeyr, explains, "Of course with a luxury product the impact won't be that strong." For over two centuries, Lobmeyr chandeliers have lit up iconic spaces from Habsburg palaces to New York's Met Opera. Even though about a fifth of its exquisite glassware reaches U.S. customers, Rath is confident that any tariff effects will simply mean higher costs for consumers, not a decline in the brand's allure.
This resilience highlights an important trend in the luxury industry: timeless craftsmanship and heritage often outweigh short-term economic shifts. Whether you're a business professional, a student keen on global trends, or someone passionate about design, this story is a reminder that quality can triumph even in challenging times.
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Reference(s):
cgtn.com