Tech billionaire Elon Musk, CEO of Tesla, made direct appeals to U.S. President Donald Trump over the weekend to reverse newly imposed tariffs, according to a report from the Washington Post.
The calls came after Trump introduced a 10% baseline tariff on all U.S. imports, alongside higher duties on several other countries, sparking concerns about potential economic fallout. Musk, a close adviser to Trump, has been an advocate for reducing government inefficiencies and previously called for zero tariffs between the U.S. and Europe during a virtual address to Italy's right-wing League Party in Florence.
Despite Musk’s efforts, Tesla has struggled financially, with its quarterly sales taking a significant hit amid mounting criticism of Musk’s involvement in creating a new "Department of Government Efficiency." Tesla's stock has dropped more than 42% since the beginning of the year, closing at $233.29 on Monday.
Musk has openly expressed concerns about the impact of Trump’s auto tariffs on Tesla, calling them “significant.” Economists have warned that the tariffs could fuel inflation, increase the likelihood of a U.S. recession, and raise costs for American families, posing a challenge to Trump, who campaigned on promises to reduce living expenses.
Neither the White House nor Musk responded immediately to requests for comment from Reuters.
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Tens of thousands of users were left unable to access Elon Musk’s social media platform X on Friday, with outages reported across multiple countries including the United States, the United Kingdom, Canada and Australia.
The UK’s media regulator Ofcom has launched a formal investigation into the social media platform X, owned by US billionaire Elon Musk, over concerns that its artificial intelligence tool Grok has been used to generate sexualised images of women and children.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
U.S. President Donald Trump says he plans to speak with billionaire Elon Musk about restoring internet access in Iran, where authorities have imposed a near-total blackout amid nationwide anti-government protests.
There was a common theme in speeches at the World Economic Forum on Tuesday (20 January). China’s Vice-Premier, He Lifeng, warned that "tariffs and trade wars have no winners," while France's Emmanuel Macron, labelled "endless accumulation of new tariffs" from the U.S. "fundamentally unacceptable."
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
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The European Union has proposed new restrictions on exports of drone and missile-related technology to Iran, while preparing additional sanctions in response to what it described as Tehran’s "brutal suppression" of protesters.
Türkiye is closely monitoring developments in Syria and considers the country’s unity and territorial integrity vital for regional stability, President Recep Tayyip Erdoğan told President Donald Trump during a phone call on Tuesday, according to Türkiye’s Communications Directorate.
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NATO Secretary General Mark Rutte says the status of Greenland did not arise in his talks with U.S. President Donald Trump, as Trump stepped back from tariff threats and ruled out using force to take control of the territory.
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