Elon Musk Calls for U.S.-EU Free Trade Zone as Trump Tariffs Take Effect

Musk's push for 'zero tariffs' and deregulation contrasts with Trump administration's protectionist policies, while Tesla faces mounting challenges in Europe.

Elon Musk advocates for a 'zero tariff situation' and a free trade zone between the U.S. and Europe, diverging from the Trump administration's recent 20% tariff on EU imports.
During a video-streamed event with Italian Deputy Prime Minister Matteo Salvini, Musk also called for greater freedom of movement for workers between Europe and North America.
Musk criticized Europe's regulatory environment, arguing that it stifles small and medium-sized businesses and called for 'radical deregulation.'
Tesla is experiencing significant challenges, with its share price halving since December and European sales sharply declining in the first quarter of 2025.
Reports suggest Musk may step down from his government role in the coming weeks, though this remains unconfirmed.