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.

French luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday.

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.

California is suing the Trump administration over its tariffs, accusing President Donald Trump of overstepping his authority in upending the global trade order and causing “immediate and irreparable harm” to California’s economy.

California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president's authority to impose sweeping tariffs that have set off a global trade war. The lawsuit argues that President Donald Trump's use of the International Emergency Economic Powers Act to impose tariffs on Mexico,

California is taking on President Donald Trump - from immigration to economics, to the future of the Democratic party, the biggest national battles are playing out right here in the Golden State. FOX 11's Elex Michaelson,