While Donald Trump faces one of the days of greatest instability since its arrival at the White House before one strong market dropMagnate Elon Musk, a fundamental ally within the cabinet, slid a criticism against the imposition of tariffs, which unleashed the financial crisis worldwide.
The owner of Tesla y X said during a video call at the Congress of the League Party in Italy said that he wanted to establish a “zero tariffs” regime between United States and Europe. The sayings of Musk They are given while Trump seeks to reinforce his commercial position raising taxes on products from around 60 countries.
His proposal goes in the direction of diametrically opposed to the economic policy that the president is promoting, which increased a 20% tariffs on products that arrive in the United States From the EU. For her part, the president of the European Commission, Ursula von der LeyenHe said they are willing to negotiate and advance a proposal of “zero by zero” in tariffs on industrial goods.
From the White House they responded to Elon Musk: “Car Assembly”
From the White House they soon react to Musk’s sayings. Peter NavarroTrump’s main commercial advisor and a fundamental man in the assembly of his tariff policy, crossed the tycoon and disqualified him by calling him “car assembly” that depends on foreign pieces.
During an interview with CNBC, he highlighted the head of the Government Efficiency Department by pointing out that he had important contributions in the reduction of public spending although he questioned his sayings in international trade. “When it comes to tariffs, all in the White House —And the American people— We understand that Elon is not really a car manufacturer; it’s a car assembler”, Said, noting that many components of Tesla come from Japan, China and Taiwan.
Navarro ratified his defense to Trump’s strategy by emphasizing that he will generate a growth in the national industry. “The difference between our thinking and Elon’s is clear. We want tires made in Akron, transmissions made in Indianapolis, engines produced in Flint and Saginaw, and we want cars to be built here, in the United States”He said.
Strong instability in markets for Donald Trump’s tariffs
This crossing within the White House occurs in a context of extreme sensitivity within the United States government product of instability in Wall Street For the commercial war. JPMorgan Chase executive, Jamie Dimon, warned that economic consequences can affect the long term. For its part, Bill Ackman, fund manager and also a supporter of Trump, He added that tariffs can generate an “economic winter” if the course is not corrected.
Tesla, Musk’s company, has already begun to feel the market shake: her Actions are quoted AU $ S227.32, about half of 52 weeks. In addition, in the last quarter its sales suffered a strong fall.
Source: Ambito
