Elon Musk Predicted Donald Trump’s Tariffs Will Send the Economy Into Recession, One of Many verbal barbs the billionaire threw at the President on Thursday as their Relationship Collapsing Into Acrimony.
“The Trump Tariffs Will Cause a Recession in the Second Half of this Year,” Musk wrote on x while reposting another tweet that Called Trump’s Tariffs “Super Stupid.”
The Morning Began With Trump Saying he was disappointed by musk’s oppoition to his “one big beautiful bill” During a press appears to welcome the german chancellor to the white house.
The Feud Intensified Mush Musk Called Out Trump’s “Ingratostde,” and Suggested Establishing a New Political Party. The Spacex Cofounder Also proposed decommisioning the Company’s Dragon Spacecraft after Trump Threatened to Cut His Government Contracts, Although Musk Backed off that Idea Pretty Quickly on X.
Fractures Between the two Emerged after Musk Left His Role Recently at the White House. On Tuesday, Musk Blasted the Republic ‘Tax-And-Spending-Cut Bill, Which Trump Helped to Shepherd Through the House, Calling It “Pork-Still” and A “Disgusting Abomination.”
Musk isn’t alone in criciticking the potential fiscal impact of this legislation. The Nonpartisan Congressional Budget Office Estimated it COULD INCREASE DEFICIES BY $ 2.4 TRAKING OVER A DECADE.
Other Experts Also Aggree With Musk Trump’s Tariffs Could have a Negative Impact on the US Economy.
JPMORGAN PREDICTED A 60% Chance of a US Receration after Trump Imposed Sweeping Tariffs on April 2. The Bank Adjusted the Possibility Down to Below 50% AFTER AFTER PAUSED PAUSED MOST OF HIS HIGHEST TARIFFS.
In a March Interview with Fox News, Trump Had Also Declined to Rule Out the Possility of a Recession.
“I hate to predict things like that,” Said Trump.
“There is a period of transition,” he added, “Because what we’re doing is very big. We’re bringing back to america. That a big thing, and there are Always periods of, it taxes a little time.”
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