Bernard Arnault’s Position on Trade
Bernard Arnault, the head of LVMH, recently expressed his views on the US-EU trade deal. He described it as a necessary agreement, though he acknowledged it is not perfect. This deal aims to address crucial trade issues between the United States and European Union. Despite its imperfections, Arnault believes this agreement holds significant importance for businesses operating in both regions.
Arnault also pointed out the exclusion of wines and spirits from this agreement, which raises concerns within the industry. This lack of inclusion may hinder the full potential of the trade deal for certain sectors. While the French President, Emmanuel Macron, has remained silent on this issue, Arnault’s comments sparked discussions about the broader implications of such trade agreements on Europe and the US.
