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Stock impact report

After tariffs, French business lobby says it got it wrong on Trump [Yahoo! Finance Canada]

TotalEnergies SE Ordinary Shares (TTE) 
President Donald Trump, saying French firms who applauded pro-business policies in January did not imagine he would go ahead with tariffs. Trump stunned business leaders on both sides of the Atlantic when he unveiled a range of sweeping new tariffs on dozens of U.S. trading partners on what he called "Liberation Day", causing a stock market meltdown across the globe. Many French business leaders had initially feted Trump's return to power, with LVMH CEO Bernard Arnault, who attended his inauguration, talking about a "wind of optimism" in the U.S. and shipping giant CMA CGM announcing a massive investment there. Asked on RTL radio if business leaders regretted their fascination or enthusiasm for Trump, Martin, the head of Medef, which represents corporate giants such as Totalenergies, LVMH and L'Oreal, said he did. "I wouldn't say there was fascination or enthusiasm for Trump, but yes, in a way, I take back what I said," Martin said. "At the time, we acknowledged how well the Show less Read more
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