Musk wants a 'zero tariff situation', 'free trade zone' for Europe

Elon Musk broke with the president's decision to impose expansive tariffs on most foreign nations, saying that he hopes to see a 'zero tariff situation' with Europe.

Tech mogul Elon Musk, who has served as a close advisor to President Donald Trump, on Saturday broke with the president's decision to impose expansive tariffs on most foreign nations, saying that he hopes to see a "zero tariff situation" between the United States and Europe.

"I hope it is 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 "The League Congress" on Saturday, an event hosted by right wing Italian Deputy Prime Minister Matteo Salvini.

"That's what I hope occurs, and also more freedom of people to move between Europe and North America if they wish, if they wish to work in Europe or wish to work in America, they should be allowed to do so, in my view. So that has certainly been my advice to the president," Musk added.

President Donald J Trump and Tesla CEO Elon Musk on the South Lawn at the White House on March 11, 2025.Jabin Botsford / The Washington Post via Getty ImagesMusk's remarks come days after Trump unveiled tariffs on some of the nation's largest trading partners. The U.S. is set to impose a 20% tariff on the European Union under Trump's plan.

On Thursday, the day following Trump's announcement, markets plunged, as the S&P 500 index fell nearly 5%, the Dow Jones Industrial Average dropped 4% and the Nasdaq plummeted 6%, with all three posting some of the largest declines since the start of the Covid pandemic in 2020.

https://www.nbcnews.com/politics/politics-news/elon-musk-zero-tariff-free-trade-zone-europe-rcna199849


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