Elon Musk tries to smooth the waves according to Trump’s customs policy

Shortly after the imposition of global tariffs by the US government under President Donald Trump, his consultant Elon Musk spoke out for the creation of a free trade zone between North America and Europe. In his view, the United States and Europe should ideally pass to a “zero-inch situation in order to create a free trade zone between Europe and North America,” said the US technology entrepreneur on Saturday in a video message at the party congress of right-wing populist Italian Lega in Florence.

Trump had imposed tariffs on imports from most countries in the world on Wednesday. A general minimum rate of ten percent came into force on Saturday, higher tariffs for dozens of states will be effective in a second step on Wednesday. The US President accuses the international trading partners of “pulling the USA over”. He mainly comes down to the fact that the USA imports significantly more from abroad than it exports.

His aggressive customs policy has fueled the fear of a major trade war with serious consequences for companies and consumers worldwide. The fears of a new significant increase in consumer prices and a weakening of their own economy up to the recession are also growing within the United States. In the past few days, the stock exchange courses have fallen around the globe.

Trump and his government represent this as temporary turbulence, from which the US economy will ultimately emerge strengthened. “This is an economic revolution and we will win,” said the Republican on Saturday at Truth Social. Trump claims to strengthen the domestic economy with the tariffs and bring more production into the country.