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.
Believe it or not, some people think that the press’s job is to tell the truth about what’s going on, and people can deal with it however they deal with it.
I’m not saying the press shouldn’t do their job, which is exactly what you say it is. That part I agree with. But Germany’s economy minister is the one I was addressing.
This is commonly forgotten anymore.