Elon Musk Appeals to Trump on Tariffs Amid Growing Trade Tensions
Elon Musk Appeals to Trump on Tariffs Amid Growing Trade Tensions

Elon Musk Appeals to Trump on Tariffs Amid Growing Trade Tensions

News summary

Elon Musk has been actively voicing opposition to President Donald Trump's proposed tariffs on Chinese goods, which could reach up to 50% on top of existing tariffs. Musk personally appealed to Trump to reconsider these tariffs, emphasizing the benefits of international trade and advocating for a zero-tariff situation between the US and Europe. Despite Musk's direct discussions with Trump, his attempts have been unsuccessful, with Trump reaffirming his commitment to the tariffs. The tariffs are expected to impact Tesla, which relies on parts from China, although it manufactures cars domestically. Musk's opposition has been echoed by other business leaders and politicians like Senator Ted Cruz, who called Musk an 'angel' for his stance. The tariffs have led to significant concerns about supply chain disruptions and potential negative effects on American companies, including Tesla and Apple.

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