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Kimbal Musk Slams Trump's Tariffs as Consumer Tax

4/8/2025

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Summary

Story summary

Kimbal Musk condemned President Trump's tariffs as a "structural, permanent tax on the American consumer."
He referred to Trump as the "most high tax American President in generations."
Tariffs, beginning at 10%, impact 185 countries, with China facing a 54% tariff.
The stock market has suffered, with the S&P 500 down nearly 14% year-to-date.
Elon Musk supports a "zero-tariff situation" and promotes free trade.

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Story summary

Kimbal Musk condemned President Trump's tariffs as a "structural, permanent tax on the American consumer."
He referred to Trump as the "most high tax American President in generations."
Tariffs, beginning at 10%, impact 185 countries, with China facing a 54% tariff.
The stock market has suffered, with the S&P 500 down nearly 14% year-to-date.
Elon Musk supports a "zero-tariff situation" and promotes free trade.