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