Robert Habeck, the secretary of economics in Germany, responded to Elon Musk‘s statement about zero tariffs and said he should speak to his president first and discuss zero tariffs. According to Habeck,” If he has anything to say, he should go to his leader and say,” This stop the nonsense, the chaos you have only made in the last week.” Elon Musk recently stated that a zero-tariff trade agreement is what he hopes will result in the future of business between the US and Europe.
In the end, Musk said,” I hope it’s agreed that both Europe and the United States should proceed preferably to a zero-tariff position, essentially creating a free trade area between Europe and North America.
Habeck claimed to have read what Elon Musk had said. Because the speaking politics are entirely different, I believe it to be a sign of weakness and perhaps fear.
He continued, referring to Tesla’s dying stock price, saying,” This is absurd, and the only interpretation I have is that he presently sees that his own businesses, but even the markets are going to collapse because of the mess they have made.
According to Habeck, as quoted by CNN,” If he has something to say, he should go to his leader and state,” Before we’re talking about zero taxes, this stop the nonsense, the mess you have only made in the last week,'” he said.
Elon Musk steers clear of taxes amid fears of Black Monday.
President Donald Trump claimed there is no inflation as fuel rates, interest rates, and food costs are all down on Monday in response to worries of a 1987-like Black Monday with world markets nosediving. This is despite the fact that China, the biggest abuser of all, just increased its Tariffs by 34 % on top of its long-term, ridiculously high Tariffs ( Plus! ), which are the crashing markets. Trump posted on Truth Social,” Not acknowledging my warning to abusing nations not to retaliate,”
Elon Musk made it abundantly clear that he is not in favour of the price despite being a fan for the president. Elon Musk lamented commerce director Howard Lutnick’s justification for taxing bird islands after burning one of the masterminds behind the tariff, Peter Navarro.
Musk’s response is not unexpected because his net worth has suffered a$ 30 billion blow since tariffs have shook global markets.
Jamie Dimon, the CEO of JPMorgan, concerns a reminder.
Jamie Dimon, the CEO of JPMorgan, has issued a direct warning about President Donald Trump’s tax plan: it threatens to increase prices, cause the world economy to turn around, and undermine America’s standing in the world. In his annual letter to shareholders, Dimon warned that” the new tariffs are likely to increase prices and are causing many to acquire a higher likelihood of a recession.” The impact of the taxes on the economy will be in question, but they will likely slow progress.
