WASHINGTON: Donald Trump hosted the head of luxury giant LVMH, Bernard Arnault, at the White House on Tuesday as the group confronts a dent in sales from the US president's tariffs.
Europe's richest man, whose firm produces Louis Vuitton bags and Dom Perignon champagne, made a surprise appearance in the Oval Office alongside his son Alexandre.
“Bernard, it’s an honor to have you. We’ll have a meeting after this,“ Trump said, pointing to the Frenchman during the swearing-in ceremony for presidential special envoy Steve Witkoff.
The Arnaults also attended an earlier event at the White House on the preparations for the 2026 World Cup, which will be co-hosted by the United States, Canada and Mexico.
Jeweller Tiffany, another LVMH firm, designed FIFA's world club championship, which will also take place in the United States in 2025.
A quarter of LVMH's sales come from the United States, meaning it is especially vulnerable to tariffs.
It saw sales in the first quarter of 2025 fall two percent to 20.3 billion euros ($23 billion) in the first quarter as Trump's tariffs shook the global economy.
Arnault and two of his children were among prominent figures at Trump's inauguration in January. He said in February that he did not want to talk about tariffs and would “prefer to try and act calmly.”
Hence then, the article about trump hosts lvmh boss as tariffs threaten luxury goods was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump hosts LVMH boss as tariffs threaten luxury goods )
Also on site :
- Blizzard conditions and tornadoes disrupt travel as winter brings frigid reality check back to the US
- Arrowhead Stadium Worker Reveals 'Beautifully Kind' Gesture From Taylor Swift During Chiefs' Christmas Day Game
- Samsung Plans to Bring Google Photos to Samsung AI TV Lineup, Helping Users Relive Their Favorite Memories on the Big Screen