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The world’s richest man Elon Musk has now himself appealed to US President Donald Trump to withdraw the new tariff policy. The US has told China that if it does not withdraw the retaliatory tariff, then the US will impose an additional 50 percent tariff on them. After this announcement by America, the possibilities of trade war have once again increased around the world. Elon Musk raised his voice against this latest announcement of America. According to a report by the Washington Post, Musk has directly appealed to the President to withdraw the new tariff policy. However, he did not get any success in this attempt.
Musk is serious about business
This is not the first time Elon Musk and Donald Trump have come face to face regarding business. Tensions were also seen between the two in the year 2020, when Musk filed a lawsuit against the Trump administration to challenge the tariff.
Musk was in support of Trump’s new policy
Musk also initially supported Trump’s new tariff policy. But later when Musk started seeing its side effects, he turned against it. Musk’s trade partners are also facing a lot of problems due to this decision of Trump, who is close to Musk. Many people have appealed to Vice President JD Vance to convey their message to the President. According to the Washington Post report, a group of some of the world’s leading businessmen is trying to form an informal alliance, which will try to push the Trump administration towards liberal trade policies.
Tesla also badly affected by Trump’s policies
The new tariff policy being implemented by US President Donald Trump is having a bad effect all over the world. There is havoc in stock markets all over the world. The most widespread impact of Trump’s decision has been seen on the US stock market. Especially due to this decision of Trump, the shares of Elon Musk’s electric car company Tesla have registered a terrible decline.
