00:00Tech billionaire Elon Musk reportedly asked U.S. President Donald Trump to reconsider
00:06his tariffs on imports from several countries.
00:09Citing two sources, The Washington Post reported that Musk approached the president over the
00:13weekend when he unleashed a stream of messages on social media criticizing White House trade
00:18adviser Peter Navarro for Trump's aggressive tariff plan, which has caused havoc across
00:23global markets.
00:26CNBC reported that Trump's tariff announcement last week wiped out $2.5 trillion from the
00:31U.S. stock market, costing Tesla CEO Musk $30.9 billion in net worth.
00:36Musk, the world's richest person, is a key Trump adviser and heads the Department of
00:41Government Efficiency, which is working to cut government funding and reshape the federal
00:45bureaucracy.
00:47Meanwhile, Navarro accused Musk of prioritizing Tesla's profits over national policy, noting
00:53that the company's supply chain depends on countries such as China, Mexico, and Japan.
00:59A 10 percent baseline tariff on imports from around the world took effect last Saturday.
01:03However, several countries will be hit by higher duties from tomorrow, with levies of
01:0834 percent for Chinese goods and 20 percent for EU products.
01:12Narmada Raja, FMT.
Comments