LVMH Boss Criticises EU Efforts to Reduce Donald Trump’s Tariffs

Europe's wealthiest billionaire Bernard Arnault hopes to use his ‘modest means’ to convince the EU to negotiate better with the U.S.

Bernard Arnault, LVMH’s CEO and Europe’s richest man with a fortune of $156 billion, wants to negotiate a better tariff deal for Europe and America.  The luxury conglomerate chief believes conversations on trade matters between the EU and U.S. are “not going well” at the moment, he told French senators during a parliamentary hearing on Wednesday. LVMH has a lot riding on the potential agreement, given that 25% of the company’s revenues come from…

LVMH boss criticises EU efforts to reduce Donald Trump’s tariffs

Bernard Arnault says the bloc’s negotiations with Washington have got off to a ‘bad start’

Europe must make concessions to Trump in trade talks, LVMH's Arnault says

The European Union must soften its stance toward U.S. President Donald Trump's trade demands and negotiate a deal to avoid tariffs and protect European jobs, LVMH CEO and Chairman Bernard Arnault said on Wednesday.

Arnault Urges EU to Hold Constructive Talks With US on Tariffs

Bernard Arnault urged the European Union to hold constructive talks with the US as the French billionaire questioned the course of current negotiations.