Elon Musk, CEO of billionaire Tesla and head of the Ministry of Government Effectiveness, told a meeting of the Italian right league party whom he wanted the United States and Europe to move to a system of zero and free trade prices, a few days after President Donald Trump published new prices on almost all countries, including the European Union.
Elon Musk said he believed in the creation of a “free trade area between Europe and North America”. (Photo … More
The Washington Post via Getty ImagesMusk, appearing at the meeting on Saturday by video, spoke with the Vice-Prime Minister of the far right of Italy, Matteo Salvini, declaring that he thought that the United States and Europe should “move ideally, in my opinion, to a zero tariff situation, actually creating a free trade area between Europe and North America”.
Musk also said that he thought workers should be able to move between the United States and the European Union more freely for work opportunities.
The billionaire of Tesla said that it was “certainly my advice to the president,” said Bloomberg, although he was not clear if he meant his comments on prices or mobility between the United States and the European Union, or both.
Earlier on Saturday, Musk criticized Trump’s sales advisor Peter Navarro, in an article on X, responding to a user who had praised Navarro, a tariff supporter: “A doctorate in Harvard Econ is a bad thing, not a good thing,” said Musk, slamming Navarro’s elite education, and, it is not built -. “”
Trump, when the “Liberation Day” was announced, said the prices would increase by 20% on the European Union. The prices, which are already controversial and have sent shock waves throughout the world economy, seem likely to cause an EU response. The 10% reference rates that Trump implemented on all imports of most countries came into force on Saturday at 12:01 p.m., with higher rates that should start next week. The president of the European Commission, Ursula von der Leyen, said that the EU was preparing a response to the prices that Trump had already imposed on steel and aluminum, followed by a second measure in response to the rates of the “Liberation Day”. “We are now preparing for new countermeasures to protect our interests and businesses if negotiations fail,” said Von Der Leyen on Thursday. She criticized Trump’s pricing plan as having “no order in trouble” and “no clear path through complexity and chaos that are created”. Other European leaders have also criticized Trump’s EU prices, notably French President Emmanuel Macron, who described him as a “brutal and unfounded decision” who will have a serious impact on Europe and make American consumers “poor and lower”. The far -right Prime Minister of Italy, Giorgia Meloni, who is supported by Trump and Musk, said that the prices were false, but said it was “not a disaster”.
Trump’s “release day” prices had an immediate impact on the world economy, which means that the Dow Jones Industrial Average dropped 1,680 points Thursday and 2,200 points on Friday, marking the worst losses since the start of the COVVI-19 pandemic. Trump repeatedly defended the prices, although he recognized that the impact “will not be easy” and urged the Americans to “hang hard” in an article on Truth Social on Saturday. Economists have expressed their fears about the impact of prices on the world economy, the best economist of JPMorgan Chase saying that the prices bring together the United States “dangerously” to a recession.
The appearance of Musk at the League Festival event in Italy is his last European right support show. Musk had previously appeared practically at a rally for the right-wing alternative for the German party before the German elections in February, and he frequently promoted the party, which promotes anti-immigrant and Eurosceptic beliefs, on his account X. Earlier this week, he expressed his support for the French far right leader Marine Le Pen after his conviction for embezzlement. The German Chancellor Olaf Scholz qualified the support of Musk on the far right of Europe “really disgusting” and “not good for democratic development in all (de). the European Union. »»
World leaders criticize Trump’s prices as “a major blow” (BBC)
Trump tells the Americans to “suspend” the rates of the Liberation Day which wipe the Billions of Stock Exchange (Forbes)
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