Why Elon Musk is breaking with Trump over tariffs

Business Insider

Trump’s new trade policies are raising costs for Tesla and fueling market chaos — and Musk isn’t staying quiet. He’s calling for zero tariffs, clashing with Trump’s top advisor.

Transcript

00:00both europe and the united states should move ideally in my view to a zero tariff situation

00:06yes you heard it right that's elon musk telling italian politicians that he wants zero tariffs

00:11between the us and europe here's what's going on musk opposition to tariffs is nothing new

00:17last year he criticized biden's 100 tariff on chinese ebs tesla competes uh quite well in the

00:25market in china with no tariffs in general i'm i'm in favor of no tariffs fast forward to now

00:32and musk still isn't a fan trump's new reciprocal tariffs are part of a push to tax imported goods

00:38but they're hitting tesla directly many of the model y parts come from overseas especially china

00:45these dependents can make things complicated after trump announced last week that he would impose

00:50an additional 34 percent reciprocal tariff on chinese goods china is already threatening to

00:57hit back and some analysts think that consumers might ditch tesla for brands like byd or neil

01:04musk reportedly even tried to talk trump out of the plan over the weekend and he's been butting heads

01:10with peter navarro the top trade advisor meanwhile tesla's stock is down 38 so far this year and

01:17musk's network has dropped below 300 billion it's still a lot of money if you ask me

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