The richest European turns to Trump, wants to produce in the USA

One of the richest people in the world, the Frenchman Bernard Arnaul that sharply criticized your own government. This had recently proposed an increase in taxes that the most valuable French company led by it LVMH would hit strongly.

Arnault praised Trump and the mood in the USA

The sound Forbes Five-rich people in the world and the richest Europeans also praised the economic recipe of the old, new US president Donald Trump. As is well known, the latter intends to massively reduce taxes and bureaucracy.

Arnault visited Trump’s inauguration in Washington last week. “I just came back from the United States and could see that there is a wave of optimism in this country. If you return to France, you get a cold shower,” said the 75-year-old.

Arnault does not trust the finance minister

The French MPs will negotiate on Thursday’s negotiations on the proposed budget of Prime Minister François Bayrou start. This provides for a tax increase of 53 billion euros, which is intended to curb the dizzying budget deficit in France.

The measures include Increase in income tax ratewhich would increase to profitable companies with sales of more than 3 billion euros to 41.2 percent. Finance minister Eric Lombard Has announced that this extraordinary measure will only be in force for one year, but Arnault cannot gain anything from this promise. “Nobody believes that,” said the LVMH boss.

LVMH is considering moving production to the USA

In view of France’s economic problems, Arnault confirmed that LVMH seriously consider the opening of new factories in the United States. Such a step would help the company avoid the tariffs that Trump has announced for goods not produced in the United States.

In his speech last week at the World Economic Forum in Davos Had invited Trump foreign companies to come to his country to open their factories there. “My message to every company in the world is very simple: come to make your product in America and we will give you one of the lowest taxes. If you don’t produce your product in America, you have to pay customs,” invited and warned Trump at the same time.