Business

Elon Musk Reportedly Opposes Trump's New China Tariffs Hike in Personal Appeals

Elon Musk's Personal Appeal to Trump Over China Tariffs

In a surprising turn of events, Elon Musk, the billionaire and senior advisor to United States President Donald Trump, has reportedly made personal appeals to the President in an attempt to halt the latest tariff plan on Chinese imports. According to The Washington Post, sources familiar with the discussions revealed Musk's direct intervention over the weekend.

Trump's Response to Musk's Appeals

Despite Musk's efforts, President Trump proceeded with his plan, announcing a threat to increase tariffs on Chinese goods by 50% on Monday. This follows a recent 34% increase in tariffs announced the previous week, signaling a continued hardline stance on trade relations with China.