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.
So, you are saying, EU is doing a great courageous job proposing no tariffs after Orange attacked EU and whole world with tariffs first?
I’m not saying anything, I’m just relaying what the German economy minister said in context because you didn’t read it.