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.

  • @SunshineJogger@feddit.org
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    9820 days ago

    Trumps plan is disruption, chaos and damage.

    Or just the largest scale market manipulation ever and he bought his self made dip. Then lift tarrifs again. Profit.

    Though more likely hes either a saboteur or just utterly incompetent.

    • ms.lane
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      1720 days ago

      Please don’t insult delicious Melons like that.

      What did Rockmelon or tasty Honey Dew Melon do to be compared to 'ol musky?

        • ms.lane
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          218 days 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.

    • Annoyed_🦀
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      520 days ago

      Melon Husk now realise he doesn’t always get to hold the controller.

  • @DaddleDew@lemmy.world
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    1920 days ago

    It’s a sign of greed. Musk wants to sell his Teslas and doesn’t care about stepping all over Trump’s “plans” for it.

    I can’t wait to see his reaction to that.

  • Victor
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    320 days ago

    My god, don’t call someone with a fragile ego “weak and afraid” if you want to negotiate with them ffs. Make them think they’re doing the right thing!

      • Victor
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        219 days ago

        I’m not debating that. He is indeed.

      • Victor
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        19 days ago

        I mean sure, if you’re not interested in making deals, let’s go all out on calling people out. Then I don’t have any issue. 💪

    • @JeremyHuntQW12@lemmy.world
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      120 days ago

      The minister is also a Conservative MAGA fan. This is the CDP.

      The far right in SA/NZ/Australia are pro-EU. That’s why they were so confused about Brexit.

      Of course they would be pro-Europe, how could they be anything else ?

  • @MrSulu@lemmy.ml
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    319 days ago

    As we used to sing about South Africa We gotta keep the pressure on. We gotta keep the pressure on.