Elon Musk On Tariff / Elon Musk appeals to President Trump to withdraw the new tariff, know the whole matter

The world's richest man Elon Musk has asked US President Trump to withdraw the new tariff policy. The possibility of a US-China trade war has increased. Tesla has suffered huge losses. Musk was earlier a supporter, now he is against it. There is resentment among traders as well.

Elon Musk On Tariff: The world's richest man and Tesla CEO Elon Musk has openly disagreed with America's new tariff policy. Musk has made a direct appeal to US President Donald Trump to withdraw this policy. According to a recent report by the Washington Post, Musk has described this policy as harmful to global trade and said that it could cause an economic setback not only to America but to the whole world.

What is the new tariff policy?

The Trump administration has warned China that if it does not withdraw the retaliatory tariff, the US will impose an additional 50 percent tariff. After this announcement, the sound of trade war has started being heard again in the global markets. Its direct impact is visible on the international trade and investment environment.

Musk again against Trump on trade issue

This is not the first clash between Elon Musk and the Trump administration over trade policies. In 2020 too, Musk filed a lawsuit against the tariff. Although Musk initially supported Trump's policies, when he started seeing its ill effects on trade and investment, he came out in protest.

Tesla had to bear the brunt

The impact of the new tariff policy has also been clearly seen on Musk's electric car company Tesla. Tesla's shares have fallen sharply, causing investors to lose millions of dollars. Due to the tariff, Tesla's international supply chain and parts imports are also in danger, which has increased the production cost.

Growing global concerns and business mobilization

Musk is not the only one who is raising his voice against this policy. Many big businessmen of America and other countries are now preparing to form an informal alliance, which will put pressure on the Trump administration to adopt a liberal trade policy. Vice President JD Vance has also been appealed to intervene on this issue.

Will Trump's stance change?

However, despite Musk's direct appeal, the Trump administration has not shown any leniency in its policy so far. In such a situation, it will be interesting to see whether the pressure of the business world will force Trump to reconsider his decision.