Europe’s richest man Bernard Arnault slammed the EU for failing U.S. negotiations—but von der Leyen says countries are ‘lining up to work with us’

Arnault's Criticism of EU Trade Management: Bernard Arnault, CEO of LVMH, expressed frustration with the European Union's handling of trade relations with the U.S., warning that a potential trade war could lead to nearshoring operations to the U.S. He criticized the EU for prioritizing regulations over business interests and highlighted the volatility caused by U.S. tariffs.

Impact on LVMH and Luxury Market: The uncertainty surrounding trade negotiations has negatively affected LVMH's stock value and Arnault's personal wealth, as American consumers are crucial for luxury sales. A trade agreement between the U.S. and Europe is seen as vital for stabilizing the market, especially amid declining demand from China.