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Bernard Arnault Faces Backlash Over EU–US Free-Trade Proposal

The LVMH CEO's call for a transatlantic trade zone draws sharp criticism from French left-wing leaders, citing threats to national agriculture and industry.

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Overview

  • Bernard Arnault, CEO of LVMH, has advocated for a free-trade zone between the European Union and the United States, arguing it would benefit French agriculture, particularly viticulture.
  • Fabien Roussel of the French Communist Party called Arnault 'dangerous' and accused him of being 'sold to the Americans' over his support for the trade proposal.
  • Manon Aubry of France Insoumise warned that such a trade zone would devastate French agriculture and industry, framing it as a continuation of Trump-era trade policies.
  • Marine Tondelier of Europe Écologie Les Verts accused Arnault of adopting far-right conspiracy rhetoric, further intensifying the political backlash.
  • Arnault's stance aligns with similar calls from U.S. figures like Elon Musk, and his company LVMH derives 25% of its sales from the American market, highlighting his vested interest in transatlantic trade.