• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Musk says he hopes for ‘zero tariffs,’ freedom of trade zone between US and Europe

by April 6, 2025
written by April 6, 2025

Billionaire Elon Musk says he hopes the U.S. and Europe can develop their economic relationship toward eliminating the need for tariffs.

Musk made the statement during a video interview with Italian Deputy Prime Minister Matteo Salvini on Saturday.The billionaire says he has advised President Donald Trump to bolster the relationship with European countries.

‘At the end of the day, 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 said.

He went on to say he would like to see greater freedom of movement between Europe and the U.S. as well.

‘If people wish to work in Europe or wish to work in North America, they should be allowed to do so in my view,’ Musk said, adding that this ‘has certainly been my advice to the president.’

Musk’s statement comes less than a week after Trump unveiled sweeping tariffs against virtually every major country on earth.

The initial 10% ‘baseline’ tariff took effect at U.S. seaports, airports and customs warehouses on Thursday. Higher taxes on goods from 57 larger trading partners are set to start later this week.

European Union imports will face a 20% tariff, while Chinese goods will be hit with a 34% tariff, bringing Trump’s total new taxes on China up to 54%.

World leaders in Europe and elsewhere have vowed to retaliate against the tariffs. China, hit harder than any other nation, promised to ‘take countermeasures to safeguard its own rights and interests’ last week.

European Commission President Ursula von der Leyen says Europeans ‘feel let down by our oldest ally.’

‘Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe,’ she said.

Fox News’ Landon Mion and Reuters contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Speaker Johnson moves on Senate’s Trump budget bill as House GOP rebels threaten to defect
next post
JONATHAN TURLEY: Biden DOJ behind even the Times in pursuing alleged Hunter corruption

related articles

Iran still wants a nuclear weapon despite ‘serious...

July 6, 2025

Democrats project doom and gloom, not celebration, with...

July 5, 2025

Xi Jinping’s surprise no-show at BRICS Summit fuels...

July 5, 2025

Iran regime escalates repression toward ‘North Korea-style model...

July 4, 2025

This July 4th, a family waits: American hostage’s...

July 4, 2025

President Trump to honor Iran strike flight team...

July 4, 2025

North Korea lashes out after Trump DOJ exposes...

July 4, 2025

Saudi defense minister secretly meets with Trump to...

July 4, 2025

Trump administration swarms SCOTUS with emergency requests and...

July 4, 2025

Trump administration torpedoes SCOTUS with emergency requests and...

July 3, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Global investors shift focus from India to China as stock outflows hit $29 billion

    March 19, 2025
  • Trump’s tariff strategy could pay for his tax bill, but only if they stick, experts warn

    June 6, 2025
  • Americans want smaller government but new polls shows whether they like how Musk, DOGE, are going about it

    March 17, 2025
  • Hunter Biden drops lawsuit against IRS, which whistleblowers say ‘tells you everything you need to know’

    May 1, 2025
  • Swiss-born liberal megadonor slapped with lawsuit for allegedly groping, sexually harassing winery employee

    May 19, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,252)
  • Investing (634)
  • Stock (832)

Latest Posts

  • $1,300 coffee cups, 8,000% overpay for soap dispensers show waste as DOGE locks in on Pentagon

    February 11, 2025
  • Unfinished Business: The budget cuts Musk couldn’t complete and what’s next for DOGE

    May 30, 2025
  • SMR Stock Is Plunging as the SEC Demands Answers

    August 14, 2024

Recent Posts

  • The price of Bitcoin rose to a new high this morning

    July 22, 2024
  • Starbucks poaches Nordstrom CFO as executive shake-up continues

    March 4, 2025
  • Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

    May 6, 2025

Editor’s Pick

  • Nifty and German 40 Nifty is slowly closing the August gap

    August 22, 2024
  • EXCLUSIVE: Trump warns major Dem against move that could cost voters trillions

    February 25, 2025
  • Major pollster drops final battleground poll numbers

    November 3, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock