Elon Musk said Saturday that he hopes Europe and the United States agree to a “zero-timed situation” that will span the de facto free trade zone in the Atlantic.

“I hope both Europe and the United States should act in the ideal way to zero-timely situation, effectively establishing a free trade zone between Europe and North America,” said U.S. President Donald Trump’s billionaire adviser to US President Donald Trump, Matteo Salvini.

Trump stood on the White House lawn Wednesday, levied a 10% tax rate on nearly all U.S. trading partners around the world starting April 5, and added an additional double tax rate for the additional top-up rate starting April 9 for U.S. companies’ tariffs and non-tariff barriers.

Trump’s decision to sign 10% tariffs on most goods imported to the United States, as well as higher tariffs in dozens of countries from competitors to allies have exacerbated a global trade war that threatens Stoke’s inflation and stall growth.

The thorough duty immediately released the turmoil in the entire world market and drew condemnation from other leaders who are now facing the end of decades of trade liberalization that shaped the global order.

U.S. Treasury Secretary Scott Bessent urged other countries not to retaliate, which could lead to consumers significantly raising prices in everything from bikes to wine. “If you retaliate, that’s how we upgrade.” Bessent told CNN.

Close Us Allies is not immune to Trump’s anger, including the EU and Japan facing 20% ​​tariffs, with a target of 24%.

The effective U.S. import tax rate has dropped from 2.5% in 2024 to 22%, according to Fitch Ratings’ head of U.S. research.

“This speed is the last time that comes,” Olu Sonola said in a statement. “This is not only aimed at the U.S. economy, but also for the global economy. Many countries can fall into recession. If this tariff rate stays for a long time, you can throw away most of the forecasts.”

Trump said “reciprocity” tariffs are a response to tariffs and other non-tariff barriers to U.S. goods. He argued that the new tax would promote manufacturing work at home.

“For decades, our country has been plundered, plundered, raped and plundered by countries near and beyond, and is a friend and an enemy again,” Trump said.

Outer economists warn that tariffs can slow down the global economy, increase the risk of recession, and increase the cost of living for ordinary American families by thousands of dollars.

European leaders are frustrated, saying the trade war will harm consumers and will not benefit.

“We will do our best to reach an agreement with the United States to avoid the inevitable weakening of the West in order to support other global players,” Italian Prime Minister Giorgia Meloni said.