LVMH’s Bernard Arnault Urges EU to Concede in Trade Talks with Trump

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-22 09:59:01

Bernard Arnault, CEO of luxury conglomerate LVMH, has called on European leaders to make concessions in trade negotiations with the U.S. during a French parliamentary hearing. The billionaire executive warned that European jobs and industries face significant risks due to Washington’s tariff policies.

Arnault, whose company holds a market capitalization of €243 billion, described the current state of negotiations as precarious. "So far, things seem to me to be off to a relatively bad start," he said. "For now, I am under the impression it’s not going well."

The luxury magnate emphasized the need for diplomatic alignment with the U.S., arguing that a favorable trade deal could safeguard European economic interests.

By:

Log in to Reply

Donald Trump’s Crypto Dinner: What to Expect, Top Attendees

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.