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.

  • 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 ?