Musk Calls for Zero Tariffs Between Europe and US Amidst Tesla Sales Plunge!

2025-04-06 12:02:46.854

Elon Musk, CEO of Tesla and self-proclaimed richest man, expressed his hope for a "zero-tariff situation" between Europe and the United States. This statement comes in response to President Trump's recent imposition of 20% tariffs on goods from the European Union. Musk's comments, made during an interview with Italian Deputy Prime Minister Matteo Salvini, directly contrast with the Trump administration's trade policies. He criticized Peter Navarro, the administration's senior counselor for trade and manufacturing, who supports the tariffs. Musk's own company, Tesla, has experienced a significant drop in sales, with a 49% decrease in Europe during the first two months of the quarter and a 7% decline in Italy compared to the same period last year. Italy's Economy Minister, Giancarlo Giorgetti, stated that Italy aims for a "de-escalation" in tariff disputes with the United States. Italy experienced a trade surplus with the US of approximately €39 billion in 2024, and its economy grew by only 0.5% in 2024 compared to 2023.