{"id":28133,"date":"2025-04-17T17:59:07","date_gmt":"2025-04-17T17:59:07","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/28133\/"},"modified":"2025-04-17T17:59:07","modified_gmt":"2025-04-17T17:59:07","slug":"blame-brussels-if-tariffs-push-lvmh-to-move-production-to-us-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/28133\/","title":{"rendered":"Blame Brussels if tariffs push LVMH to move production to US \u2013 POLITICO"},"content":{"rendered":"<p>The EU has already paused its retaliation against Trump\u2019s steel and aluminum tariffs in the hopes of negotiating a deal within the three-month window, even as some of the U.S. tariffs remain in place. <a href=\"https:\/\/www.politico.eu\/article\/macron-eu-companies-should-freeze-investment-in-the-u-s-until-trump-calms-down\/\" target=\"_blank\" rel=\"noopener\">Earlier this month<\/a>, French President Emmanuel Macron called on European companies to pause investments in the United States until the situation could be &#8220;clarified.&#8221;<\/p>\n<p>While most analysts attribute the investment-chilling uncertainty to the Trump administration and its nebulous trade goals, Arnault says it is the European Union that must shoulder the responsibility to find a deal that protects its interests without raising tariffs.<\/p>\n<p>The U.S. is a major market for LVMH, so the firm would be uniquely exposed to a trade war between Brussels and Washington. Arnault said that if the two sides don&#8217;t reach an agreement, higher tariffs would push LVMH and other European companies to move operations to the United States.<\/p>\n<p>&#8220;If Europe cannot negotiate intelligently, there will be consequences for many businesses,&#8221; Arnault said. <\/p>\n<p>Arnault, who attended Trump&#8217;s inauguration in January, <a href=\"https:\/\/www.politico.eu\/article\/bernard-arnault-french-tax-lvmh-considering-investing-business-friendly-us-donald-trump\/\" target=\"_blank\" rel=\"noopener\">is an outspoken fan<\/a> of the president&#8217;s plan to slash taxes and red tape to entice manufacturers to move production stateside. On Thursday he criticized the EU as a &#8220;bureaucratic power that spends its time issuing regulations that unfortunately are imposed on all member countries &#8230; and that penalize our economic sectors.&#8221;<\/p>\n<p>Arnault also said he wants the EU and the U.S. to enact a &#8220;free-trade zone,&#8221; similar to a call from fellow billionaire Elon Musk <a href=\"https:\/\/www.politico.eu\/article\/musk-hopes-us-eu-get-to-zero-tariff-situation\/\" target=\"_blank\" rel=\"noopener\">earlier this month<\/a>. European Commission President Ursula von der Leyen said the bloc <a href=\"https:\/\/www.politico.eu\/article\/eu-offers-trump-removal-of-all-tariffs\/\" target=\"_blank\" rel=\"noopener\">had proposed a zero-for-zero tariff deal on industrial goods<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The EU has already paused its retaliation against Trump\u2019s steel and aluminum tariffs in the hopes of negotiating&hellip;\n","protected":false},"author":2,"featured_media":28134,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[32,34,36,1217,479,1219,6717,15,49,1220,978,659],"class_list":{"0":"post-28133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-donald-trump","9":"tag-emmanuel-macron","10":"tag-france","11":"tag-protectionism","12":"tag-tariffs","13":"tag-trade-war","14":"tag-transatlantic-relations","15":"tag-united-kingdom","16":"tag-united-states","17":"tag-ursula-von-der-leyen","18":"tag-us","19":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114354610333367060","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/28133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=28133"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/28133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/28134"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=28133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=28133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=28133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}