Summary

Germany’s Economy Minister Robert Habeck criticized Elon Musk’s proposal for zero tariffs between the US and Europe, calling it a “sign of weakness” driven by fear of economic fallout.

Habeck said Musk should instead pressure Trump to lift the newly imposed tariffs, including those targeting the European Union.

Musk’s call for zero tariffs comes amid market chaos after Trump’s “Liberation Day” tariffs, which included a 20% rate on the EU. The S&P 500 plunged 10% and the Nasdaq 100 entered a bear market.

The EU prepared retaliatory measures, while China and Canada vowed to respond. Analysts warned of rising recession risks amid escalating global trade tensions.

  • Lifter
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    7 months ago

    You can’t spell melon without Elon, as the saying goes.

    • ms.lane@lemmy.world
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      7 months ago

      :(

      Petition to change the fruit descriptor ‘Melon’ to ‘Melo’ - the ‘n’ is wrong anyway since the root latin is ‘Melopepo’

      Rockmelo

      Watermelo

      Honey Dew Melo, etc.

      • Lifter
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        7 months ago

        That would quickly devolve into a lazy “Melah”

        Watamelah

        • ms.lane@lemmy.world
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          7 months ago

          Potayto Potatah

          Tomayto Tomahta

          Watermellow Watermelah

          Let’s Call The Whole Thing Off.