European luxury stocks fall on fears of US tariffs
** Shares in European luxury stocks slide as the risk of protective U.S. tariffs add pressure on the struggling market
** European benchmark luxury price index .STXLUXP is down 1.8%, with France's Kering PRTP.PA among the top fallers, dropping 5% to its lowest price since February 2017
** LVMH LVMH.PA and Hermes HRMS.PA also fall 2.7% and 1.6% respectively
** "Now the market is looking at the potential risks for individual sectors (from Donald Trump's re-election)," says analyst Patrik Schwendimann from Zürcher Kantonalbank
** The luxury sector is under pressure due to concerns about the 10-20% U.S. tariffs on imported European products that Trump promised to pass if elected, Kepler Cheuvreux analyst Jon Cox says
** Investors are also worried by the impact of the proposed 60% tariff on Chinese products, given the Chinese market's importance for luxury goods, he adds
** Shares of the European luxury price index fell 1.3% over the last month, underperforming the broader STOXX 600 .STOXX that rose 1.4%
Reporting by Anna Peverieri and Alban Kacher
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