Posted by: jgdd April 6, 2025
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Elon Musk blasted top Trump administration trade adviser Peter Navarro and told an Italian political gathering he wants more free trade, not less.
Why it matters: The two-day rout in the stock market this week, after Trump announced sweeping new tariffs backed by Navarro, cost Musk nearly $18 billion just on his Tesla stock.
By wading into the tariff debate, a subject he's mostly stayed away from, Musk could inject more uncertainty into U.S. efforts to re-order the global economy.
I am so happy maga is getting what they voted for
Why it matters: The two-day rout in the stock market this week, after Trump announced sweeping new tariffs backed by Navarro, cost Musk nearly $18 billion just on his Tesla stock.
By wading into the tariff debate, a subject he's mostly stayed away from, Musk could inject more uncertainty into U.S. efforts to re-order the global economy.
I am so happy maga is getting what they voted for