The tariff war is creating chaos all over the world. America’s economy has also been badly affected. The stock market has turned upside down. Tesla CEO Alan Musk has suffered a major setback due to US President Donald Trump’s tariff. This year his assets have lost $ 153 billion. Musk’s company has suffered heavy losses due to these tariffs. Seeing the decline in property and the loss in trade, Allen Mask has met Donald Trump and appealed to remove the tariff.
When Alan Musk gets a shock
Tesla CEO and Government Efficiency Department head Alan Musk held a meeting with US President Donald Trump on the tariff issue. And has also requested to remove the tariff. But Adig Trump rejected this request on his decision. Trump has imposed 50 percent tariff on goods coming from China. Which was opposed by Alan Musk. But the world economy is suffering heavy losses due to tariff storm.
Musk and Trump face to face
The Cold War between Alan Musk and Donald Trump came to light when 50 percent tariff was imposed on goods coming from China. This tariff was earlier declared 34 percent. Meanwhile, Musk has shared a video on his social media platform X. Which is an economist Milton Freedman. In this video, economist Milton Freedman explains how everyone benefits from international trade. And increased tariff rates are harmful to global cooperation. Talking to Italian Deputy Prime Minister Mateo Salvini, Allen Musk said, “Ultimately I hope that both Europe and the United States will ideally move towards zero-tariff positions.” This is my advice to the President. Earlier, Elon Musk also made fun of the White House advisor Peter Navaro responsible for the tariff policy. He said that getting PhD in economics from Harvard is not a good thing but a bad thing. Meanwhile, White House spokesperson Caroline Lewitt said, “The President has prepared a remarkable team of highly talented and experienced persons.” These people present different views. Knowing that President Trump will take a final decision.
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