Germany's economy minister Robert Habeck reacted to Elon Musk 's zero tariff statement and said he should first go to his president and talk about zero tariff first. "If he has something to say, he should go to his president and say, ‘Before we’re talking about zero tariffs, let’s stop the nonsense, the mess you have just made in the last week,’” Habeck said. Elon Musk recently said his hope for the future of trade between the United States and Europe is a zero tariff situation.
"At the end of the day, I hope it's agreed that both Europe and the United States should move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America," Musk said.
Habeck said he read what Elon Musk had said. "I think it's a sign of weakness and maybe of fear, because the acting politics are completely different."
“This is ridiculous, and the only interpretation I have is that he now sees that his own companies, but even the economies are going to crumble because of the mess they have made, so he’s afraid,” he added, referring to Tesla’s tanking stock price.
“If he has something to say, he should go to his president and say, ‘Before we’re talking about zero tariffs, let’s stop the nonsense, the mess you have just made in the last week,’” Habeck said, as quoted by CNN.
Fears of Black Monday, Elon Musk distances from tariffs
Amid fears of a 1987-like Black Monday with global markets nosediving, President Donald Trump Monday claimed there is no inflation as oil prices, interest rates and food prices are down. "This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate," Trump posted on Truth Social.
Elon Musk, despite being a fanboy of the president, made it clear that he is not in favor of the tariff. After torching Peter Navarro, one of the masterminds behind the tariff, Elon Musk commented 'funny' on commerce secretary Howard Lutnick's justification of taxing penguin islands.
Musk's reaction is not unexpected as his net worth has taken a $30 billion beating since tariffs rocked global markets.
JPMorgan CEO Jamie Dimon issues warning
JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”
"At the end of the day, I hope it's agreed that both Europe and the United States should move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America," Musk said.
Habeck said he read what Elon Musk had said. "I think it's a sign of weakness and maybe of fear, because the acting politics are completely different."
“This is ridiculous, and the only interpretation I have is that he now sees that his own companies, but even the economies are going to crumble because of the mess they have made, so he’s afraid,” he added, referring to Tesla’s tanking stock price.
“If he has something to say, he should go to his president and say, ‘Before we’re talking about zero tariffs, let’s stop the nonsense, the mess you have just made in the last week,’” Habeck said, as quoted by CNN.
Fears of Black Monday, Elon Musk distances from tariffs
This is funny 🤣
— Elon Musk (@elonmusk) April 6, 2025
Amid fears of a 1987-like Black Monday with global markets nosediving, President Donald Trump Monday claimed there is no inflation as oil prices, interest rates and food prices are down. "This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate," Trump posted on Truth Social.
Elon Musk, despite being a fanboy of the president, made it clear that he is not in favor of the tariff. After torching Peter Navarro, one of the masterminds behind the tariff, Elon Musk commented 'funny' on commerce secretary Howard Lutnick's justification of taxing penguin islands.
Musk's reaction is not unexpected as his net worth has taken a $30 billion beating since tariffs rocked global markets.
JPMorgan CEO Jamie Dimon issues warning
JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump’s tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America’s standing in the world. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”
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