Elon Musk expected that Donald Trump’s tariff will send the economy to the recession, one of the many verbal criticisms that technological billionaire at the President on Thursday with their relationship collapsed.
“The Trump tariff will recession in the second half of this year,” Musk wrote on X while he was repeating another Twitter called “Tram’s highly stupidity” tariff.
Morning began with Trump, saying that he was disappointed by Musa’s opposition to “a beautiful, beautiful draft law” during the appearance of a journalist to welcome the German counselor at the White House.
The dispute intensifies when MUSK described “Ingrateude” of Trump, and suggested creating a new political party. The founder of Spacex also suggested that the dragon vehicle be turned off in the company after Trump threatened to cut off his government contracts, although musk retracted this idea very quickly on X.
The fractures appeared between the two after Musk recently left its role in the White House. On Tuesday, Musk criticized the draft tax and spending law on Republicans, which helped Trump to take care of the house, describing it “filled with pork” and “disgusting abomination”.
Musk is not alone in criticizing the potential financial impact of this legislation. The non -party Congress budget office estimated that it may increase the deficit by $ 2.4 trillion over a decade.
Other experts also agree with Musk that Trump’s tariff can have a negative impact on the American economy.
JPMorgan predicted a 60 % chance of the American recession after Trump imposed a comprehensive tariff on April 2. The bank has modified the possibility to less than 50 % after Trump stopped most of the customs tariffs.
In an interview with Fox News, Trump also refused to exclude the possibility of recession.
Trump said, “I hate to predict things like that,” Trump said.
He added: “There is a transitional period, because what we do is very big. We return wealth to America. This is a big thing, and there are always periods, it takes some time, and it takes some time.”
