Rome: US billionaire Elon Musk on Saturday expressed hope for a ‘zero-tariff’ system between the United States and Europe that would “effectively create a free trade zone.” Joining Italy’s right-wing populist League party event via video link, Musk told Italian Deputy Prime Minister Matteo Salvini, “At the end of the day, I hope it’s agreed that both Europe and the US should move ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America.”
According to Anadolu Agency, Musk’s remarks came shortly after US President Donald Trump signed an executive order on Wednesday to impose reciprocal tariffs on countries worldwide, which has led to months of market volatility. The move has drawn criticism from multiple quarters, including the head of the European Parliament’s International Trade Committee.
The European Parliament official strongly criticized Trump’s announcement of a new 20% tariff on goods from the EU. The official stated that the European Uni
on would respond with “legal, legitimate, proportionate, and decisive measures,” emphasizing the bloc’s commitment to protecting its democratic decision-making and economic sovereignty.