Bernard Arnault, chairman and CEO of French luxury conglomerate LVMH, called on Thursday for a free trade zone between the European Union and the United States and said that unresolved trade tensions could seriously hurt European industries.
His remarks, in the wake of the tariffs announced by President Donald Trump, appeared to echo a similar call by Elon Musk on 5 April for a zero-tariff zone between the US and EU. The EU has long pushed for a “zero-for-zero” trade agreement — with both sides dropping tariffs — but Trump has rejected the offer.
