Summary

Elon Musk distanced himself from Trump’s tariff policy, criticizing Commerce Secretary Howard Lutnick and trade adviser Peter Navarro.

CNBC reported Musk lost over $30bn since the tariffs were announced, amid stock market volatility and falling futures.

That financial hit may explain his sharp jabs at officials defending the policy. Musk advocated for a U.S.–EU “zero tariff” trade zone, diverging from Trump’s approach.

Meanwhile, protests against Musk and Trump escalated, and Musk’s political spending failed to sway key elections.

  • Corkyskog@sh.itjust.works
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    19 days ago

    “If you leave anything off the list, countries that try to arbitrage America try to go through those countries to get to us,” Lutnick said during an appearance on CBS’s Face the Nation.

    Umm… Doesn’t Russia have a zero tariff🤔

    • Pennomi@lemmy.world
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      19 days ago

      Yep, it was excluded from the tariff list despite being part of “the rest of the world”.

      Along with Cuba, Belarus, North Korea.

      I think it’s stupidly obvious who holds Trump’s leash.