Home Europe Elon Musk Hopes For Free Trade Between US, Europe In Future

Elon Musk Hopes For Free Trade Between US, Europe In Future

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 EU countries.
Tesla and SpaceX's CEO Elon Musk gestures, as he attends political festival Atreju organised by Italian Prime Minister Giorgia Meloni's Brothers of Italy (Fratelli d'Italia) right-wing party, in Rome, Italy, December 16, 2023. REUTERS/Guglielmo Mangiapane/File Photo

U.S. tech billionaire Elon Musk said on Saturday he hopes for free trade between the United States and Europe, days after President Donald Trump imposed tariffs on key 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.”


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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.

(With inputs from Reuters)