Musk Advocates US-Europe Zero-Tariff Trade Zone

Elon Musk has advocated for a zero-tariff trade agreement between the United States and Europe, suggesting it would establish a free trade zone and enhance economic cooperation. His remarks were made at a League Party congress in Italy, shortly after President Donald Trump announced a 20% tariff on EU goods, which has caused significant market disruptions and threats of retaliatory measures from the EU. Musk's call for open trade and labor mobility contrasts with Trump's protectionist policies, highlighting a divergence in their economic views. Italian officials, including Economy Minister Giancarlo Giorgetti, have called for de-escalation in response to the tariffs, wary of further economic strain. The EU has pledged a measured response, potentially leading to negotiations or further tensions in transatlantic trade relations.