Elon Musk has expressed strong opposition to Donald Trump's tariffs, predicting they will push the economy into a recession in the latter half of the year. His comments reflect growing tension between him and the President, particularly after Musk criticized Trump's tax-and-spending bill as detrimental. This escalating feud, characterized by Musk's pointed remarks on social media, highlights concerns echoed by financial experts and institutions such as JPMorgan, which predicted significant recession risks due to tariff impacts, although recent pauses in tariff implementations have somewhat eased this outlook.
Musk stated, 'The Trump tariffs will cause a recession in the second half of this year,' reiterating his belief in the considerable impact of these tariffs.
Criticizing the Republican tax-and-spending bill, Musk called it 'pork-filled' and a 'disgusting abomination', showcasing his opposition to Trump's fiscal policies.
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