Tesla Chief Executive Officer, Elon Musk has split with Donald Trump on tariffs in the latest sign the billionaire is distancing himself from the White House.
The president’s special adviser told a political rally he hopes to see a ‘zero tariff situation’ between the US and Europe to create a free trade zone.
On Wednesday, Trump introduced a controversial 20 percent tariff for Europe along with even higher tariffs for other global trading partners as what he dubbed ‘Liberation Day’.
But while the president has been pushing US isolationism, Musk espoused a more collaborative approach.
“I hope that the United States and Europe can establish a very close partnership,’ he said during the virtual rally of Italy’s Deputy Prime Minister, Matteo Salvini.
“I hope it is agreed that both Europe and the United States should move ideally in my view to a zero tariff situation, effectively creating a free trade zone between Europe and North America,” Musk added
Earlier Saturday, Musk appeared to distance himself even further from the tariffs plan as he ripped a top Trump trade advisor in an extraordinary outburst on X.
The Trump administration attempted to downplay his resignation, stating that it was always agreed he would leave.
However, the timing of Musk’s resignation and his trade policy advocacy has raised eyebrows as some speculate that his departure from DOGE could be linked to policy disagreements.
Musk personally lost billions in the market’s reaction to the tariffs, with the US stock market experiencing its worst trading week in five years.
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