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Showing Original Post only (View all)Elon Musk says he wants 'zero' tariffs between the US and Europe [View all]
Source: Business Insider
Apr 5, 2025, 2:29 PM ET
Elon Musk on Saturday said he'd like to see a "zero-tariff" system between the United States and Europe, days after President Donald Trump implemented baseline "reciprocal" tariffs on dozens of trading partners.
"I hope it's agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America," Musk told Italian Deputy Prime Minister Matteo Salvini virtually at a meeting of Italy's League Party. "That's what I hope occurs."
Under Trump's latest tariff plan, which he announced this week on what he called "Liberation Day," the European Union, which includes Italy, will be subject to a 20% tariff rate.
Musk has been one of the most consequential figures of Trump's second term with his plethora of cost-cutting efforts tied to the White House DOGE office.
Read more: https://www.businessinsider.com/elon-musk-zero-tariffs-united-states-europe-free-trade-2025-4
