Musk emphasized that Lutnick would not represent the 'business as usual' approach that could drive America bankrupt, advocating for significant change instead.
Bessent argues tariffs serve as a way to advocate for American interests, yet faces skepticism from economists warning that such strategies could stifle growth and inflate prices.
Lutnick's perspective, shaped by a life of fiscal conservativism and social liberalism, highlights his belief that loyalty to Trump’s policies is crucial for economic strategy.
Economists are raising alarms about predictions of inflation surging to 6% by 2026 and consumer prices potentially skyrocketing 20% in four years due to proposed tariff policies.
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