Tesla CEO Elon Musk Agrees Trump’s Tariffs Could Spark Economic Overreaction. Are The Benefits Worth The Price Strain?

Benzinga

Top allies of former President Donald Trump, including Tesla CEO Elon Musk and Cantor Fitzgerald CEO Howard Lutnick, are aligning with economists who warn that Trump’s economic proposals may lead to consumer price hikes. Musk recently agreed with a post on X suggesting Trump’s policies might trigger a severe overreaction that could disrupt markets before stabilizing. Trump’s team contends the policy’s long-term benefits justify the temporary price strain.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Top allies of former President Donald Trump, including Tesla CEO Elon Musk,

00:06and Cantor Fitzgerald CEO Howard Lutnick, are aligning with economists who warn that

00:11Trump's economic proposals may lead to consumer price hikes.

00:14Musk recently agreed with a post on X suggesting Trump's policies might trigger a severe

00:19overreaction that could disrupt markets before stabilizing.

00:23Trump's team contends the policy's long-term benefits justify the temporary price strain.

00:27For all things money, visit Benzinga.com slash GSTV.

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