Summary
Elon Musk distanced himself from Trump’s tariff policy, criticizing Commerce Secretary Howard Lutnick and trade adviser Peter Navarro.
CNBC reported Musk lost over $30bn since the tariffs were announced, amid stock market volatility and falling futures.
That financial hit may explain his sharp jabs at officials defending the policy. Musk advocated for a U.S.–EU “zero tariff” trade zone, diverging from Trump’s approach.
Meanwhile, protests against Musk and Trump escalated, and Musk’s political spending failed to sway key elections.
7% is the stop, it was 6.something Friday and maybe even Thursday too.
Quick edit:
7% across the board, there’s no individual halt for specific sticks.