Elon Musk has a problem with Trump Customs
Introducing « mutual » customs duties in recent days has not only upset financial markets, but also caused disagreements among prominent members of the US president administration Donald Trump. Disantation by protectionist measures that caused significant falls in the world stock exchanges and deepened the fear of recession of greater dimensions, Trump is reported at the weekend of Trump Washington Post directly expressed Elon Muskfounderbut the intervention was not enough to convince the Republican president to repeal one of his most controversial decisions so far.
Musk’s failed attempt to influence Trump have been confirmed by two unnamed sources to the US newspaper, and none of the ones involved have responded to it so far.
Peter Navarro, Trump’s senior consultant for trade policy, is considered an uncompromising proponent of customs. Photo: Brian Snyder/Reuters
The story further emphasized the contours of the rift in the administration, which in recent days has testified mainly Musk’s posts on his social network X. Among the multitude of records related to the billionaire campaign against US authorities, Musk’s comment on the weaknesses of education at the prestigious Harvard University has attracted the most attention to the Trump Commercial References References Petra Navarra. « A doctorate from Harvard economy is a bad and not good thing, » Musk wrote, saying that people with this kind of education usually have more ego than mind.
Musk also showed agreement with the words of conservative economist and criticism of Trump’s customs Thomas Sowellwho is convinced that in every catastrophe in American history, he played a central role in « Harvard Man. »
Tesla on the hit
The impression of the rift between the Musk and other members of the Trump team was also aided by the publication of the video, in which the late economist and Nobel laureate Milton Friedman illustrates the complexity of world trade or supply chains, necessary for the production of goods that most people take for granted. The recording is difficult to understand differently from the free market and globalization that have become the target of protectionist measures of the US administration.
Analysts agree that Musk’s role in the current administration has caused significant damage to his car brand.
Among their victims is, after all, Tesla, Musk’s car company, whose shares have lost just under half of their value since Trump’s re -climb. According to US media, Tesla imports a lot of parts for its products from China, which means that it is strongly exposed to new customs or deepening the trade war among economic superpowers.
Participants in recent anti -government demonstrations in Washington also problematized Musk’s role at the head of the Office for Government Efficiency. Photo: Roberto Schmidt/AFP
Analysts agree that Musk’s role in the current administration has so far caused significant damage to his car brand. Tesla, according to Dana Ives of the financial company Wedbush Securities, « basically became a global political symbol … and this is a very bad thing for the future of this disruptive technological leader. »
Concerns about the future of Tesla coincided with guesses about the future of Musk’s cooperation with Trump’s administration. It’s a few days ago Politics Posted an article on how Trump confirmed the near -musk withdrawal from the forehead of the Government Efficiency Office to the narrower circle of his colleagues, in which a billionaire has been leading to fight against waste, fraud and abuse in the use of budgetary resources since the beginning of his term of office.
In response to the story, the Republican president expressed his desire to remain in his position « as long as possible ».
