Elon Musk has voiced strong opposition to former President Donald Trumpโs proposed tariff policy, warning that it could lead to a U.S. recession by late 2025.
In a post on X (formerly Twitter), Musk criticized Trumpโs plan to impose a 10% blanket tariff on all imported goods โ with even higher rates for specific countries like China. He cautioned that such measures could destabilize the U.S. economy, increase consumer prices, and disrupt global trade.
โThis kind of across-the-board tariff risks triggering a deep recession,โ Musk stated, adding that companies like Tesla โ which rely on complex global supply chains โ would be directly affected.
The remarks underscore a growing rift between Musk and Trump, two of the most influential figures in business and politics.
Many economists have echoed Muskโs concerns, warning that the tariffs could fuel inflation, damage investor confidence, and invite retaliatory trade measures. Some also suggest it could slow down global economic growth if other nations respond in kind.
While Trump has argued that the tariffs are necessary to protect American industries and reduce reliance on foreign goods, critics see the plan as a potential blow to both U.S. consumers and multinational businesses.
