Germany’s economy minister, Robert Habeck, criticized Elon Musk’s suggestion for zero tariffs between the U.S. and Europe, labeling it as a sign of weakness and fear. Habeck urged Musk to address President Trump about the recent tariff chaos. Markets reacted negatively to Trump’s tariff announcements, with the S&P 500 dropping 10% over two days. European Commission President Ursula von der Leyen announced the EU is finalizing countermeasures against steel tariffs, preparing further actions to protect their interests.
— new from Business Insider
