Reported 2 days ago
LVMH CEO Bernard Arnault urges the European Union to resolve trade tensions with the United States, stating that failure to do so would be 'Brussels' fault.' Highlighting the impact of US tariffs, which could severely affect luxury goods, he warns of consequences for companies if negotiations aren't handled wisely. Arnault also mentioned shifting production to the US as a potential response to tariffs but emphasized this would be a reaction to EU's inability to negotiate effectively.
Source: YAHOO