US EditionLVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer
- Bernard Arnault, CEO of LVMH, called for a free trade zone between the European Union and the U.S., stating unresolved trade tensions could harm European industries.
- Arnault criticized the EU's negotiation strategy, urging European leaders to negotiate wisely with the U.S. Administration instead of relying solely on Brussels.
- He warned that proposed tax increases in France could lead companies to relocate abroad, labeling them a 'tax on Made in France.'
- Protesters demanded higher taxes on the wealthy outside the meeting, highlighting public frustration with tax policies.
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Customs duties: "Bernard Arnault is in a negotiating position to remind Brussels that luxury matters," says Thomas Grjebine, economist at CPEII
LVMH's CEO mentioned the possibility of "increasing its productions" on American soil if negotiations between Europe and the United States on tariffs failed. "A form of pressure," according to Thomas Grjebine, economist at the Center for Research and Expertise in the Global Economy (CPEII).
·Strasbourg, France
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Billionaire LVMH CEO says EU leaders need to ‘negotiate with intelligence’ to help his business avoid Trump’s tariffs
Bernard Arnault called for a free trade zone between the EU and the U.S. and said that unresolved trade tensions could seriously hurt European industries.
·New York, United States
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Total News Sources19
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
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C 30%
R 20%
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