Kimbal Musk criticized US President Donald Trump’s tariff policies, calling them a “structural, permanent tax on the American consumer” that could lead to decreased consumption and job losses. Musk highlighted the impact of tariffs on prices, consumption, and employment, emphasizing the need for the US to focus on its strengths in trade rather than weaknesses. As a Tesla board member and investor in various startups, Musk’s comments come amid a stock market downturn and concerns about the economic effects of the tariffs.
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