Elon Musk Criticizes Trump’s Trade Strategy, Revealing Internal Fractures in the White House

Billionaire Elon Musk, one of President Trump’s most visible and influential advisors, has issued criticizes Trump’s trade strategy agenda, highlighting tensions within the government over the ambitious tariffs promoted by the administration.

Criticism of Trump’s Trade Agenda

On Monday morning, Musk shared a famous video of economist Milton Friedman defending free trade, illustrating how the production of a simple pencil depends on complex supply chains. This post came after Musk had criticized Trump’s chief trade advisor, Peter Navarro, over the weekend, insinuating that his protectionist and sweeping approach is flawed.

Musk’s Message on the Real Economy

“A Harvard PhD in Economics is not necessarily a virtue,” Musk wrote on X, responding to a user who praised Navarro’s academic credentials. The entrepreneur also suggested that Navarro lacks practical experience in the real economy: “He hasn’t built anything,” Musk posted, in a message he later deleted.

Impact of Tariffs on Financial Markets

President Trump’s new tariff policies have caused stock market declines and raised fears of a global economic slowdown. The president has warned that Americans should prepare for temporary suffering as he tries to reshape the country’s economy by reducing its dependence on imported goods.

Michelle Wu Democratic Advocate Under National Spotlight in Boston Re-Election Bid

Boston Mayor Michelle Wu officially launched her re-election campaign this Saturday. Her announcement comes after months of national…

Confusion Over the Duration of Tariff Policies

Trump recently announced tariffs on nearly all global economies, raising import taxes and creating a major trade barrier. These measures have sparked confusion, especially regarding the president’s intentions. It’s unclear if the tariffs aim to stimulate domestic manufacturing or serve as a negotiating tactic. The policy’s long-term direction remains uncertain.

White House Reaction and Market Confusion

The level of confusion became evident on Monday when a vague comment from National Economic Council Director Kevin Hassett was interpreted as a potential 90-day pause in the tariffs, leading to a brief market rally. The White House clarified that there were no changes to the policy, which led to another stock market drop.

Growing Distance Within Trump’s Circle of Allies

Several figures in Trump’s circle are distancing themselves from his trade decisions. Bill Ackman, a Trump supporter, expressed doubts. As a prominent hedge fund manager, Ackman questioned the effectiveness of the new measures. His concerns reflect growing unease within Trump’s allies.

Uncertain Future for Trump’s Trade Strategy

As internal criticisms rise, Trump’s trade strategy faces growing uncertainty. Tensions within his circle may influence future policies. The president aims to redefine the U.S. economy. However, internal conflicts could shape his strategies moving forward.