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.
