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.
Trumps plan is disruption, chaos and damage.
Or just the largest scale market manipulation ever and he bought his self made dip. Then lift tarrifs again. Profit.
Though more likely hes either a saboteur or just utterly incompetent.
The plan of those pulling Trump’s strings is disruption, chaos, and damage.
Trump’s plan is to wear the big boy pants and prove to everyone he’s the biggest of boys.
Creating a Bear market to use like his father used?
Chaos is a ladder