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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Billionaire Elon Musk called for a zero tariff free trade zone between the US and Europe
00:06during remarks in Florence, according to Bloomberg.
00:09His comments contrasted with Trump's new 20% tariff on European Union goods.
00:13Speaking alongside Italian Deputy Prime Minister Matteo Salvini,
00:17Musk said the US and EU should ideally remove trade barriers.
00:21European bloc has warned it may respond with tariffs and tech-focused countermeasures.
00:26Musk's Tesla is less exposed to the new tariffs than other automakers,
00:30but could still face pressure from China-related impacts.
00:33For all things money, visit Benzinga.com slash GSTV.