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Musk had recently appealed to Trump to change the tariff policy, but Trump refused to withdraw it.
Tesla’s CEO Ellon Musk on Wednesday described US President Donald Trump’s Senior Trade Advisor Peter Navaro as stupid. Navaro said an interview that Musk’s Tesla company is not a car manufacturer (manufacturer) but a car assembler.
Navaro had said that Tesla imported batteries, electronics and tires from outside. Musk wants cheap foreign parts. According to Navaro, all these parts will become expensive due to extra tariffs on abroad.
Musk was enraged by Navaro’s statement. He said that Navaro’s claims about Tesla are clearly false.
Tesla has the highest number of manufacture cars in the US, while responding that Tesla has the most manufacture cars in the US. Navarro is more foolish than the sack of bricks. He posted an article link of Kelly Blue Book, stating that most parts of Tesla vehicle are manufactured in the US.
Navaro said on CNBC on Monday that Trump wanted to revive the manufacturing industry in America. If you look at our auto industry right now, we are a German engine and assembly line for transmission. We will soon reach a situation where America will make goods again, wages will increase, profits will increase.
Navarro is considered a staunch loyal of Trump. He was also sent to jail for ignoring the summons of the committee investigating the alleged rigging efforts in the 2020 election. He is considered one of the main manufacturers of Trump’s tariff policy.
Has expressed dissatisfaction with Trump’s tariff policy Even before the dispute with Navaro, Musk had expressed his dissatisfaction with Trump’s tariff policy. He posted a video of anti -tariff economist Milton Freedman on Monday, in which he is praising the free market.
Musk had recently appealed to Trump to change the tariff policy, but Trump refused to withdraw it. Actually Ilon Musk is demanding Zero Tariff Zone from Trump.
Musk said in a conference in Italy that America and Europe should adopt zero tariff policy. He described Trump’s tariff policy as impractical.
Musk posted a video of famous economist Milton Freedman. Freedman is considered an advocate and anti -tariff of free market.
Former Vice President of Trump told tariffs burden The leaders of Trump’s Republican Party are also not happy with this. Mich McConal, Rand Paul, Susan Collins and Lisa Mukevsky described Tariff as’ unconstitutional, harmful and diplomatically dangerous to the economy. Former Vice President of Trump Mike Pence described the burden on the public.
Trump’s tariff has led to a decline in stock markets around the world, as investors estimate that it will reduce the benefits of companies. Musk said in an X post on March 27 that his company will not remain untouched by the impact of the tariff.
Another supporter of Trump, billionaire fund manager Bill Ekman has appealed to stop the tariff to prevent large global economic losses. In a post on X, he said that existing schemes will cause unnecessary damage.
Musk’s net worth falling 11 lakh crore rupees from January to March Musk has been facing many major damage since the swearing in of Donald Trump. His cars have been burnt in many places in the US and Europe. While Tesla shares fell by 15% in March, its worst day in the market since September 2020. The company’s market cap was reduced by about $ 800 billion.
It also had an impact on Musk’s net worth. From January 2025 to March, the net worth of Musk fell by $ 132 billion, or about Rs 11 lakh crore. It also included a decline of $ 29 billion in the same day of March.
On March 14, 4 Tesla cars were burnt in the city of Stegalitz, Berlin.
Trump will apply to the world from today US President Donald Trump announced a recipe rice tax on other countries on 2 April. This tariff will be applicable from today. It will take 26% tariff on India. Trump had said that India is very strict. Modi is my good friend, but is not treating us properly.
Trump was imposed on China 34% which has now increased to 104%, while European Union will take 20%, South Korea 25%, Japan 24%, Vietnam 46% and Taiwan will take 32% tariffs. The US decided to put half a tariff on about 60 countries compared to their tariffs.
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On Tuesday, a day after US President Donald Trump’s warning, the White House confirmed a 104% tariff on China, which will be applicable from 9 April i.e. today. Trump said on Monday that if China did not withdraw 34% of the tariff imposed on the US, it would have to face 50% extra tariff from Wednesday besides 34% declared. Read the full news here …