Bernard Arnault, CEO and Chairman of LVMH, remarked on Wednesday that the discussions between the EU and the US regarding tariff trade agreements are not progressing smoothly, foreign news outlet reported. Arnault considered that the EU should make concessions and soften its stance towards the US.Related NewsEIA Crude Oil Stocks Change for May/16 in United States is 1.328M, lower than the previous value of 3.454M. The forecast was -1.85M.After LVMH's 1Q revenue missed expectations, the company warned analysts that market demand remained meager, and its 2Q results may not recover from the previous quarter.