Musk says he hopes for 'zero tariffs,' freedom of trade zone between US and Europe
FOX NewsAPR 7
Report: Musk Appealed to Trump to Reverse Sweeping Tariffs
Above: Elon Musk, chief executive officer of Tesla Inc., during a cabinet meeting at the White House in Washington, DC, US, on March 24, 2025. Image copyright: Samuel Corum/Sipa/Bloomberg/Contributor via Getty Images
The Spin
Republican narrative
Though unpleasant in the short term, these tariffs will ultimately return investment and jobs to America, making the country wealthier than it has ever been.
Democratic narrative
These tariffs are creating a huge amount of uncertainty for investors, causing them to pull back from spending, and will do great harm to America's reputation as a trading partner, possibly taking years to rehabilitate. Hopefully cooler heads prevail and a change of policy is on the horizon.