Overview

• Elon Musk has called for a zero-tariff free trade zone between the U.S. and Europe, advocating for smoother trade flows and economic collaboration.
• Peter Navarro dismissed Musk's proposal, labeling him a 'car assembler' reliant on foreign parts and defending tariffs as a tool to bolster U.S. manufacturing.
• Tesla's stock has fallen 19% since the announcement of sweeping tariffs, reflecting broader market instability and concerns over retaliatory trade measures.
• Musk criticized Navarro's economic credentials on social media, though the posts were later deleted, intensifying the public nature of their disagreement.
• Navarro denied any internal rift within the Trump administration, framing Musk's stance as self-serving and reiterating the administration's focus on reshoring manufacturing.