Elon Musk publicly voiced his disagreement with President Trump's imposition of tariffs on European Union goods. He expressed his hope for a 'zero-tariff situation' between the US and EU, essentially creating a free-trade zone between North America and Europe.
Musk's statement follows President Trump's announcement of a 20% tariff on EU goods. He directly criticized Peter Navarro, a senior Trump administration official, for his advocacy of these tariffs, questioning Navarro's economic expertise.
The article notes a decline in Tesla sales in recent months, particularly in Europe, where sales fell by 49% in the first two months of the quarter. These sales figures are juxtaposed with Musk's advocacy for a reduction in tariffs.
Italy, which holds a trade surplus with the US, aims for de-escalation regarding the tariffs, according to Italian Economy Minister Giancarlo Giorgetti. This highlights a broader European concern about the economic consequences of Trump's trade policies.