Pandora shares lose sparkle after Thailand tariff
ReutersApr 3, 2025 8:45 AM
Shares in Denmark's Pandora PNDORA.CO slump around 12% after U.S. President Donald Trump announced sweeping new tariffs, including on Thailand, the jewellery maker's only production hub
Imports from China will be hit with a 34% tariff on top of the 20% Trump previously imposed, while Thailand faces 36%
Pandora's CFO Anders Boyer in February said a 10% tariff on imports to the U.S. from Thailand would have an annual impact of 350 million to 400 million Danish crowns
The stock is the worst performer on Europe-wide STOXX 600 .STOXX index; if losses hold it will see its worst day since March 2020
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