Elon Musk, has shared a video praising the principles of free markets and global supply chains, amid ongoing international debate over newly imposed US tariffs.
On Monday, Musk posted a video on his X account featuring renowned U.S. economist Milton Friedman, who used a simple pencil to illustrate the interconnected nature of global trade.
“Literally thousands of people cooperated to make this pencil,” Friedman, who passed away nearly two decades ago, said in the video. He emphasized the role of the price system in facilitating economic cooperation.
“It’s the magic of the price system,” Friedman said. “Not only to promote productive efficiency, but even more, to foster harmony and peace among the peoples of the world.”
Musk’s post comes just two days after he proposed that the United States and Europe work toward eliminating tariffs and building a free trade zone.
The Tesla CEO revealed that he had personally advised President Trump to strengthen economic ties with European nations.
“At the end of the day, I hope it’s agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation—effectively creating a free trade zone between Europe and North America,” Musk said.
Last week, President Trump announced sweeping tariffs on imports from nearly every major trading partner. The move has prompted global backlash, with several world leaders vowing to implement retaliatory measures.