• 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

FTC firings take spotlight in Trump’s fight to...

July 26, 2025

DAVID MARCUS: Zany Zohran endorsement is existential choice...

July 26, 2025

DNI Tulsi Gabbard declassified Trump-Russia docs: Here’s what...

July 26, 2025

Trump signs rescissions package, closes out week with...

July 26, 2025

CHARLIE KIRK: Republicans must seize Gen Z moment...

July 26, 2025

Europeans meet with Iranian officials face-to-face for first...

July 26, 2025

Trump’s executive order on birthright citizenship blocked by...

July 26, 2025

Michelle Obama portraitist’s exhibit with trans Statue of...

July 25, 2025

House Freedom Caucus conservative to enter race for...

July 25, 2025

Pelosi confident about Dems’ chances to win House,...

July 25, 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

  • Stock Futures Lower after S&P 500 futures ticked down 0.18%

    December 2, 2024
  • Israel’s ‘resounding’ military campaign against Iran could be historic turning point, experts say

    June 19, 2025
  • Trump can delete Elizabeth Warren’s failed experiment once and for all

    February 5, 2025
  • EPA announces 23% workforce reduction and closure of research office as part of federal streamlining

    July 19, 2025
  • Walmart is using its own fintech firm to provide credit cards after dumping Capital One

    June 11, 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 (5,526)
  • Investing (634)
  • Stock (859)

Latest Posts

  • Trump’s art of war: Win without fighting

    February 20, 2025
  • Trump launches precision strikes against Iran. Triumph or trap?

    June 22, 2025
  • Challenges posed by Trump and Putin push UK to adopt new NATO first defense policy

    June 3, 2025

Recent Posts

  • 2024 showdown: What happens next in the Kamala Harris-Donald Trump face-off

    August 24, 2024
  • Israel delays Palestinian prisoner release after Hamas’ ‘humiliating’ treatment of hostages, Netanyahu says

    February 23, 2025
  • The big tech sell-off: are the ‘Magnificent 7’ stocks overvalued or oversold?

    March 19, 2025

Editor’s Pick

  • Fed’s key inflation measure cooled slightly from a year ago, setting stage for rate cut

    July 26, 2024
  • Exclusive: Hamas document reveals devious paraglider terrorism attack plan

    August 12, 2024
  • Pete Hegseth says he had ‘substantive conversation’ with Joni Ernst as Trump signals support

    December 7, 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