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Musk says he hopes for 'zero tariffs' between US and Europe
Published by Global Banking & Finance Review®
Posted on April 5, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 5, 2025
2 min readLast updated: January 24, 2026
Elon Musk calls for zero tariffs between the US and Europe, aiming for a free trade zone, following Trump's tariff announcements impacting EU countries.
ROME (Reuters) - U.S. tech-billionaire Elon Musk said on Saturday he hoped in future to see complete freedom of trade between the United States and Europe, speaking days after U.S. President Donald Trump announced tariffs on trading partners.
Musk, a Trump adviser who has been working to eliminate wasteful U.S. public spending, spoke via video-link at a congress in Florence of Italy's right-wing, co-ruling League Party.
"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.
Under Trump's plans announced on Wednesday, Italy, which has a large trade surplus with the United States, will be subject to a general tariff of 20% along with other European Union countries.
Interviewed by League leader Matteo Salvini, Musk, who has repeatedly expressed support for right-wing parties across Europe, said he also hoped to see greater freedom of movement between Europe and the United States.
"If people wish to work in Europe or wish to work in North America, they should be allowed to do so in my view," Musk said, adding that this "has certainly been my advice to the president."
Musk, who has been close in the past to Italy's rightist Prime Minister Giorgia Meloni and her Brothers of Italy party, has also expressed support for Salvini's League.
Both groups have a hard-right agenda based on law-and-order, tax cuts and cracking down on irregular immigration.
Italy's Economy Minister Giancarlo Giorgetti, who is from the League, said earlier on Saturday the government wanted "de-escalation" with the U.S. following Trump's tariff announcement, and warned against imposing retaliatory tariffs.
Musk last month expressed gratitude to Salvini after the League chief said Italy should pick his Starlink company to obtain a system for satellite communications.
(Reporting By Gavin Jones, additional reporting by Angelo Amante, editing by Barbara Lewis)
The main topic is Elon Musk's advocacy for zero tariffs between the US and Europe to create a free trade zone.
The article discusses Trump's recent tariff announcement affecting European Union countries.
Musk hopes for greater freedom of movement between Europe and North America.
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