Summary

Germany’s Economy Minister Robert Habeck criticized Elon Musk’s proposal for zero tariffs between the US and Europe, calling it a “sign of weakness” driven by fear of economic fallout.

Habeck said Musk should instead pressure Trump to lift the newly imposed tariffs, including those targeting the European Union.

Musk’s call for zero tariffs comes amid market chaos after Trump’s “Liberation Day” tariffs, which included a 20% rate on the EU. The S&P 500 plunged 10% and the Nasdaq 100 entered a bear market.

The EU prepared retaliatory measures, while China and Canada vowed to respond. Analysts warned of rising recession risks amid escalating global trade tensions.

  • DaddleDew@lemmy.world
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    7 days ago

    It’s a sign of greed. Musk wants to sell his Teslas and doesn’t care about stepping all over Trump’s “plans” for it.

    I can’t wait to see his reaction to that.

    • killeronthecorner@lemmy.world
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      6 days ago

      If you read the article you’d see he called it weakness because he’s throwing it as a moaning soundbite during a meeting with European leaders; and if he had any stones he’d level it directly to Trump - like the EU did.

      • Mihies@programming.dev
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        6 days ago

        So, you are saying, EU is doing a great courageous job proposing no tariffs after Orange attacked EU and whole world with tariffs first?

        • killeronthecorner@lemmy.world
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          6 days ago

          I’m not saying anything, I’m just relaying what the German economy minister said in context because you didn’t read it.

    • TransplantedSconie@lemm.ee
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      6 days ago

      The zero tariffs thing?

      That’s something the EU proposed the 1st Shit Show™ and is an off ramp they are giving Asshole. Don’t confuse it with capitulation. It’s something the EU has wanted for a while.

      • Mihies@programming.dev
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        6 days ago

        Sure and how did it go when Orange flatly rejected it? I’m sure Orange will now think twice before slapping more tariffs?

  • Victor@lemmy.world
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    7 days ago

    My god, don’t call someone with a fragile ego “weak and afraid” if you want to negotiate with them ffs. Make them think they’re doing the right thing!

    • JeremyHuntQW12@lemmy.world
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      7 days ago

      The minister is also a Conservative MAGA fan. This is the CDP.

      The far right in SA/NZ/Australia are pro-EU. That’s why they were so confused about Brexit.

      Of course they would be pro-Europe, how could they be anything else ?