Despite the turmoil on the stock exchanges, US President Trump sticks to his customs policy. His consultant Musk is now doing completely different tones-and calls for a “zero-customs situation” between Europe and the USA.
US billionaire Elon Musk spoke out in the customs dispute for a transatlantic free trade zone without any tariffs. He hoped that the United States and Europe could agree on an even narrower partnership than before, said the boss of the electric car manufacturer Tesla, who was upgraded by video, at a party congress of the right Italian party Lega.
“And as far as the tariffs are concerned, I hope that we are moving to a zero-inch situation with a free trade zone between Europe and North America,” said Musk, according to Italian simultaneous translation.
According to analysts, the tariffs and countermeasures of the states concerned could lead to higher production costs for Tesla. The company had previously warned in a letter about the introduction of tariffs – but this was not signed by Musk.
Trump’s tariffs send stock exchanges on a descent
US President Donald Trump, who is supported by Musk as a consultant, had launched a far-reaching new customs package on Wednesday, who unsettled the trading partner all over the world and sent the stock exchanges on a descent. Extensive penalty taxes of ten percent came into force yesterday. As of next Wednesday, tariffs of 20 percent will be due on imports from EU countries.
In view of the turbulence as a result of his customs policy, Trump called on the US population to hold out. “Stay strong, it will not be easy, but the end result will be historical,” he wrote on his online platform Truth Social.
Negotiations on agreements are on ice
The US President accuses the international trading partners of “pulling the USA over”. He is primarily bothered by the fact that the United States imports significantly more from abroad than it exports. Contrary to the assessment of economists, Trump hopes for the tariffs – market advantages for American producers.
A U -turn of Trump should be unlikely despite Musk’s surprising suggestion. The European Union was negotiating with the United States on a possible free trade agreement for years. However, the talks about the so-called TTIP agreement have been on hold for years.
Video count with Salvini
Musk made his statements on US customs policy during a almost quarter of an hour switched with Lega boss Matteo Salvini, who is the government of Italy’s Prime Minister Giorgia Meloni Minister of Transport and Vice Government. Musk has repeatedly spoken out for parties in the right spectrum in Europe.
Today Salvini stands for re-election as a Lega chairman, he is the only candidate. It is expected that other politicians from the right -wing populist spectrum such as Hungary Prime Minister Viktor Orban, the chairman of the French racial emblem National, Jordan Bardella, and the head of the Spanish party Vox, Santiago Abascal, will be switched on.
