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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The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
China has announced sanctions against Belize’s foreign minister and Paraguay’s communications minister over their countries’ diplomatic ties with Taiwan. The move comes as Beijing continues to pressure the few remaining nations that maintain formal diplomatic relations with Taipei.
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