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2025-04-20

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Trump launched a "tariff combination" that increases pressure on American companies, while Musk hopes to achieve zero-tariff trade with Europe.

Trump launched a
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U.S. President Trump has launched a new wave of tariff policies that impact global markets and make it difficult for American businesses to cope. Several well-known figures from the technology and finance sectors have gathered at Trump's Mar-a-Lago estate in Florida to discuss issues related to tariffs. Tesla CEO Musk has called for the establishment of a "zero tariff" free trade zone between the U.S. and Europe, which contradicts Trump's taxation policies. According to reports, the world's top billionaires are facing significant wealth losses, with Musk evaporating $30.9 billion in just two days, and other billionaires also suffering severe impacts.

U.S. President Trump has released a series of "tariff combinations" that have caused distress among local businesses. Several news sources indicate that a group of well-known figures from the technology and finance sectors have traveled to Trump's Mar-a-Lago estate in Florida to discuss tariff issues with him. Trump's friend Elon Musk also stated on the 5th that he hopes the United States and Europe can establish a "zero tariff" system and a free trade zone. Trump's initial policy of imposing a minimum baseline tariff of 10% on over 100 trading partners took effect on the 5th, impacting U.S. allies including the European Union. Since Trump announced reciprocal tariffs on the 3rd, related indices show that the wealth of the world’s top 500 billionaires shrank by $208 billion in just one day on the 3rd, marking the fourth-largest single-day decline in the index in 13 years. Tesla CEO Musk's net worth evaporated by $30.9 billion within just two days, Amazon founder Bezos lost $23.49 billion, while Meta CEO Zuckerberg lost $27.34 billion.

Reports indicate that sources have revealed to technology journalists that these companies' donations for the presidential inauguration have now transformed into billions or even trillions of dollars in losses, and they mentioned that Musk has become one of their focal points. Additionally, Musk, in a video conference on the 5th, conversed with the Deputy Prime Minister of Italy's far-right League party. He expressed hope for a close partnership between the U.S. and Europe, arguing that both regions should move toward zero tariffs and establish a free trade zone. He mentioned that this was his suggestion to President Trump, which sharply contrasts with Trump's reciprocal tariff policy.

  • U.S. President Trump's tariff policy impacts businesses.
  • Notable individuals attempt to discuss tariff issues with Trump.
  • Musk proposes establishing a U.S.-European zero-tariff system.
  • Wall Street billionaires' wealth takes a severe hit.
  • Details of Musk's conversation with the Italian Deputy Prime Minister.