Elon Musk Retains Subtly Dissing Trump’s Tariffs

Shiny and early Monday morning, Elon Musk posted a video on X: Milton Friedman, the economist and free-market fanatic, musing about the advantages of worldwide commerce.

The video comes as President Donald Trump’s tariffs pummel international markets, with the S&P 500 slipping into bear market territory and shares swinging wildly. Traders are bracing for a global commerce conflict. Representatives for the White Home didn’t instantly reply to Enterprise Insider’s request for remark.

Monday’s put up — which exhibits Friedman holding a seemingly easy pencil and celebrating its sophisticated, cross-continental manufacturing — builds on a sample of pointed statements from Musk, the de facto chief of the White Home DOGE Workplace.

On Saturday, Musk mentioned he’d wish to see a “zero-tariff” system and “free commerce zone” between the US and Europe. That very same day, Musk went after Trump’s high commerce advisor, Peter Navarro, on X, writing, “A PhD in Econ from Harvard is a foul factor, not a very good factor.”

Navarro is publicly pro-tariff and responded to Musk’s jab in interviews on Sunday and Monday, deepening the divide between the 2 high advisors.

Trump informed reporters on Sunday that he did not wish to see markets tank, however “generally it’s important to take medication to repair one thing.”

The White Home did not instantly reply to a request for remark for this story.

The prospect of a recession is rising stronger, and in a letter to shareholders, JPMorgan CEO Jamie Dimon warned that “stagflation” might decelerate the economic system. Individuals throughout the nation rallied towards Trump this weekend, with many targeted on the present financial turmoil.