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Musk Says He Hopes Europe and U.S. Move to a ‘Zero-Tariff Situation’ newsthirst.

Only three days after President Trump announced sweeping tariffs, including a 20 percent tariff on goods from the European Union, Elon Musk said on Saturday that he hoped that Europe and the United States moved “to a zero-tariff situation, effectively creating a free-trade zone.” Mr. Musk made the remarks during a videoconference appearance with Italy’s…

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Economists take issue with Trump’s tariff formula, arguing rate is inflated newsthirst.

The formula at the core of President Donald Trump’s tariff announcement that continues to rattle markets is bewildering economists, who say it is based on flawed assumptions. Economists argue that Trump’s formula relies on a flawed, underestimation of a key metric, resulting in inflated tariff rates for countries. According to the Office of the United…

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