Elon Musk, during a conference appearance, called for a tariff-free trade zone between the US and Europe. He suggested eliminating trade barriers and promoting greater freedom of movement between the two regions, a stance he claims to have shared with President Trump.
This proposal comes after the US announced new tariffs on EU imports, prompting concerns about a potential trade war. The EU plans a measured response to these tariffs.
The US tariffs and the potential for retaliation have already caused significant negative impacts on stock markets, both domestically and internationally.
Musk's endorsement of a free trade zone follows his past support for right-wing political parties in Europe.