Musk says he hopes for ‘zero tariffs’

News.com.au - 07/04
Trump adviser and billionaire Elon Musk said he hopes the US and Europe can move towards a “zero-tariff situation” as stock markets continue to be rocked by the President’s heavy trade tariffs.

Trump adviser and billionaire Elon Musk said he hopes the US and Europe can move towards a “zero-tariff situation” as stock markets continue to be rocked by the President’s heavy trade tariffs.

The world’s richest man made the comments during a video call with Italian Deputy Prime Minister Matteo Salvini days after Mr Trump announced his sweeping tariffs on over 90 trading partners, including a 20 per cent tariff on the European Union.

The tariffs have since wreaked chaos on global financial markets, despite a modest recovery today.

“I hope that the United States and Europe can establish a very close partnership,” Mr Musk told the leader of Italy’s right-wing League Party, Matteo Salvini on Saturday, US time.

“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,” he added.

The Tesla and Space X owner said he would like to see greater freedom of people to move between Europe and the US.

“If people wish to work in Europe or wish to work in North America, they should be allowed to do so in my view. That has certainly been my advice t...
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