Elon Musk expressed hope for complete trade freedom between the United States and Europe in the future. This comes shortly after Trump imposed new tariffs against America’s trading partners. Musk, speaking via video conference at a meeting held by the right-wing League in Florence, proposed the ideal scenario of eliminating all tariffs and creating a free trade zone between Europe and North America. According to Trump’s plans, countries like Italy, with a high trade surplus with the USA, will face a 20% tariff. Musk emphasized the need for more labor mobility between Europe and America, suggesting this to the president. Musk had previously supported right-wing European parties and Georgia’s Prime Minister Meloni, known for their strict stance on immigration, tax reduction, law, and order issues. Italy’s Minister of Economy, Giorgetti, also called for reducing tensions with America and warned against retaliatory reactions. Recent trade tensions have destabilized global financial markets, leading investors towards alternative assets like digital currencies. However, uncertainty in trade policies may increase crypto market fluctuations, complicating investor decisions. Visit the live digital currency price page to track token and cryptocurrency prices in real-time.
