In a developing story, Elon Musk has publicly opposed trade adviser Peter Navarro regarding President Trump's newly implemented tariffs, advocating for a zero-tariff deal with Europe. Trump's tariff strategy, which diverges from long-standing U.S. trade policies, has elicited widespread concern and criticism. The aftermath has seen the U.S. stock market suffer its largest decline since 2020, with major indices falling over 5% in a week. Navarro, however, remains optimistic that the market will rebound, while Musk’s views indicate a significant rift within Trump’s circle over trade policy.
Elon Musk publicly criticized Peter Navarro over Trump's tariffs, emphasizing the need for a zero-tariff deal with Europe amid concerns of a stock market crash.
As stock markets experienced a significant drop, divisions revealed themselves within the Trump administration regarding the new tariffs and their broader economic implications.
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