Bernard Arnault attacks Emmanuel Macron on investments in the United States: "I believe it is very bad for the State to interfere in the management of private companies."

Suspending LVMH's investments in the United States to respond to Donald Trump's threats of tariffs? Bernard Arnault isn't considering this option, quite the opposite. Taking advantage of his hearing before a Senate commission of inquiry into state aid to businesses, the CEO of the world's leading luxury group sent a short message to the President of the Republic on Wednesday, May 21. On April 3, the day after Donald Trump announced a massive increase in tariffs on European products imported into the United States, Emmanuel Macron had launched an appeal to French groups : "What would be the message of having major European players start investing billions of euros in the American economy at a time when they're hitting us?" And while the American president quickly announced the three-month suspension of his measure, the debate on how to respond has not yet died down.

"Should we stop the expansion that was already taking place [in the United States, editor's note] because we are receiving instructions?