Elon Musk saw a significant drop in his net worth over the last two days as the White House's "reciprocal" tariffs were revealed. The stock market reacted dramatically as the Dow Jones Industrial Average dropped over 2,200 points on April 4 and the S&P 500 declined almost six percent, the biggest dip since June 2020 during the pandemic.

Elon Musk, a close adviser to President Trump, said he would like to see free trade between the U.S. and Europe someday. He made the remarks on Saturday -- the same day Trump's sweeping new tariffs kicked in -- during a virtual appearance at a political rally in Italy.

Italian Economy Minister Giancarlo Giorgetti warned that imposing retaliatory tariffs on the United States would be damaging for both Italy and Europe. Speaking at a business forum in Cernobbio, near Milan,