Elon Musk Trump Tariff: ‘He is scared …’: The German minister reacts to Elon Musk’s zero tariff statement amid the apprehension of ‘Black Mande’.
Germany’s economy minister Robert Habec reacted to Elon Musk’s zero tariff statement and said that he should first visit his president and talk about the first zero tariff. “If he has anything to say, he should go to his president and say,” Before we are talking about zero tariffs, let’s stop the nonsense, which you have made in the last week, “said Habek. Elon Musk recently stated that her hope for the future of trade between the United States and Europe is a zero tariff position.
“At the end of the day, I hope that both Europe and the United States should ideally, in my view, in a zero tariff position, should build a free trade area between Europe and North America,” said Musk.
Habec said that he read what Elon Musk had said. “I think it is a sign of weakness and probably fear, as acting politics is completely different.”
He said, “This is ridiculous, and the only explanation I have is that he now sees that he has its own companies, but even economies are uprooted due to dirt, so she is afraid,” he said, “he said,” Tesla’s tanking stock value referring to the stock value.
“If they have anything to say, they should go to their president and say, ‘Before we are talking about zero tariffs, let’s stop the nonsense, what you have created in the last week is a mess,” Habec said, as is quoted by CNN.
Black Monday fears, alone musk distance from tariff
Along with global markets amid fears of black Mondays like 1987, President Donald Trump claimed on Monday that there is no inflation in the form of oil prices, interest rates and food prices. “This is despite the fact that the largest addicts of all of them, China, whose markets are crashing, increased their tariffs by 34%, on top of its long -term ridiculous high tariffs (plus!), Did not accept my warning to abuse countries,” Trump posted on truth social.
Alon Musk despite being a fan of the President, made it clear that he was not in favor of Tariff. One of the masterminds behind the tariff, after torching Peter Navarro, Elon Musk made a ‘fun’ comment on the justification of the Commerce Secretary Howard Lutnik’s penguin islands.
Musk’s response is not unpredictable as his net worth beaten $ 30 billion as Tariff shook the global markets.
JP Morgan CEO Jamie Dimon warns
JP Morgan CEO Jamie Dimon issued a blunt warning about President Donald Trump’s tariff policy: it threatens to increase prices, run the global economy in a recession and weaken America’s standing in the world. Dimon warned the shareholders in his annual letter, “Recent tariffs will increase inflation and many people are considering greater possibility of recession.” “Whether or not the menu of the tariff causes recession, it remains in the question, but it will slow down development.”
