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2w ago

Trump Hosts LVMH CEO Bernard Arnault at White House for FIFA Discussions

The meeting highlighted the intersection of luxury business interests and U.S.–EU trade tensions as Arnault seeks to mitigate tariff impacts on LVMH's U.S. revenues.

Le patron de LVMH, Bernard Arnault, reçu par Donald Trump à la Maison-Blanche
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Overview

  • Donald Trump welcomed Bernard Arnault and his son Alexandre to the White House on May 6, 2025, calling them 'very good friends.'
  • The meeting coincided with the swearing-in of U.S. Special Envoy Steve Witkoff and included discussions on preparations for the 2026 FIFA World Cup.
  • LVMH-owned Tiffany, which designed the FIFA Club World Cup trophy, was a key reason for the invitation, linking the luxury brand to upcoming global sporting events.
  • LVMH, which generates 25% of its revenue in the U.S., has faced a 2% first-quarter sales decline in 2025 due to tariffs imposed by the Trump administration.
  • Arnault has publicly urged European leaders to resolve trade disputes with the U.S. amicably, navigating the challenges posed by Trump's protectionist policies.