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.
At least 13 people have been injured in two shootings in Minneapolis within 12 hours, police said....
The Israeli army has begun a large-scale ground offensive in Gaza City as part of “Operation Gideon’s Chariot 2,” the military said....
U.S. President Donald Trump said on Tuesday the leader of Australia, Prime Minister Anthony Albanese, would be coming for a visit to see him soon....
Russian President Vladimir Putin flew to the Nizhny Novgorod region on Tuesday to observe joint Russian-Belarusian military drills, state television r...
President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S...
Billionaire Elon Musk's satellite internet service Starlink was back online for most users after a brief outage on Monday, according to tracking website Downdetector.com.
Elon Musk’s Starlink is experiencing a widespread service outage, the company announced on its website on Monday. Downdetector had recorded more than 43,000 users in the United States were affected as of 12:35 a.m. ET (0435 GMT).
Billionaire Elon Musk has called for “revolutionary government change” in the United Kingdom, addressing a far-right anti-immigration rally in London via livestream on Saturday.
Pope Leo has criticised corporate pay packages that grant executives hundreds of times more than workers, citing Tesla’s $1 trillion compensation plan for CEO Elon Musk. The remarks came in excerpts from his first media interview, released on Sunday by Catholic news site Crux.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 13 people have been injured in two shootings in Minneapolis within 12 hours, police said.
The Israeli army has begun a large-scale ground offensive in Gaza City as part of “Operation Gideon’s Chariot 2,” the military said.
U.S. President Donald Trump said on Tuesday the leader of Australia, Prime Minister Anthony Albanese, would be coming for a visit to see him soon.
Russian President Vladimir Putin flew to the Nizhny Novgorod region on Tuesday to observe joint Russian-Belarusian military drills, state television reported.
President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment