Billionaire Elon Musk called for a zero-tariff free-trade zone between the U.S. and Europe during remarks in Florence, according to Bloomberg. His comments contrasted with Trump’s new 20% tariff on European Union goods. Speaking alongside Italian Deputy Prime Minister Matteo Salvini, Musk said the U.S. and EU should “ideally” remove trade barriers. The European bloc has warned it may respond with tariffs and tech-focused countermeasures. Musk’s Tesla is less exposed to the new tariffs than other automakers but could still face pressure from China-related impacts.
