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

Headlines

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

Published by Global Banking and Finance Review

Posted on May 21, 2025

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PARIS (Reuters) -The European Union must step up its efforts to ease trade tensions with the administration of U.S. President Donald Trump to negotiate a trade deal and protect European jobs, LVMH CEO and chairman Bernard Arnault said on Wednesday.

"For now, I am under the impression it's not going well," Arnault told French senators during a parliamentary hearing, adding that in his view, the European Union needed to offer concessions and soften its stance towards Washington.

(Reporting by Tassilo Hummel, editing by Mimosa Spencer)

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