0357 GMT - U.S. tariffs on imports from Europe and China contribute to an increasingly challenging operating environment for luxury goods retailer Cettire, RBC analyst Wei-Weng Chen says. Chen tells clients in a note that the tariffs, combined with the closure of the exception for low-value Chinese goods, look negative for the Australia-listed company. He also notes the likely imminent removal of the de-minimis exception for goods from all tariff-exposed countries. Cettire says that 41% of total gross sales from its most recent fiscal half were from goods manufactured in the European Union and sold to U.S.-based customers. RBC has a last-published underperform rating and A$0.90 target price on the stock, which is down 15% at A$0.6775. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 02, 2025 23:57 ET (03:57 GMT)

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