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The French luxury giant will look to "fully offset" the impact of blanket 10% tariffs with price hikes from May 1, it said Thursday.
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U.S. Treasury yields rose Thursday as investors weighed the state of the U.S. economy after remarks from Federal Reserve Chair Jerome Powell.
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Ahead of the meeting, President Donald Trump said "trade fairness" and the "cost of military support" were both on the table.
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Santander and UBS' shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained nearly 35%.
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Trade barriers can come in many forms. Tariffs are just one. Onerous licensing requirements, export restrictions and fines on shipping are other obstacles.
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Meloni's visit to Washington makes her the first European leader to meet the president since he announced tariffs on European imports earlier this month.
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A new initiative aims to boost the local economy by attracting elderly travellers to remote parts of the country.
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Jerome H. Powell warned that President Trump's tariffs could lead to a "challenging scenario" for the central bank.
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