Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods

Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods


Key Points
  • Some affluent consumers are planning trips to Europe to buy luxury goods, with the goal of bringing them back tariff-free.
  • Watchmakers in Switzerland and fashion boutiques in France and Italy are among the most sought after, travel advisors said.
  • There are caveats to the strategy, experts said. For one: Travelers are supposed to declare items purchased abroad to customs agents when reentering the U.S., at which point they’d likely owe taxes.



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