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Tesla’s CEO Ellon Musk had last week requested President Donald Trump to change the US tariff policy. According to a Washington Post report, Musk had appealed to Trump to withdraw the tariff policy, but Trump turned it down.
Actually Ilon Musk is demanding Zero Tariff Zone from Trump. Musk said in a conference in Italy that America and Europe should adopt zero tariff policy. He described Trump’s tariff policy as impractical.
Mask’s net worth reduced by ₹ 94 thousand crores
After the announcement of the reciperook Tariff, the net worth of Ilyon Musk has reduced by about 94 thousand crores. Since the beginning of 2025, it has reduced by Rs 9.4 lakh crore. Musk’s net worth has come down from the level of $ 300 billion for the first time since November 2024.
Trump will not stop a country like Tit tariff
Trump will not stop the reciperoke (such as Tit) tariff on any country. The White House has dismissed all the reports that Trump was considering stopping reciperook tariffs for 90 days on all countries except China.
On the other hand, European Commission Chairman Ursula von Der Leyen said on Monday that the European Union (EU) is ready for an agreement with the US. EU has offered the US to remove tariffs on industrial products.
Speaking at Brussels, Ursula said that these tariffs first have to lift a huge cost to American consumers and traders, but they also have an impact on the world’s economy. “
US market dropped 10% after tariff announcement
Dow Jones fell nearly 9% in the last two trading days of the last week after Trump’s reciperook tariff announcement. Dow Jones has fallen by about 10% in three consecutive trading days. The market cap of US markets has decreased by 5.11 trillion dollars in four consecutive business days.
On Sunday, Trump said that market crash does not matter
Earlier, Trump on Sunday said on the decline in the markets around America and the world that ‘sometimes one has to take medicine to cure something.’
According to Reuters, Trump said that other countries treated us very badly, because our leadership was foolish, which allowed this to happen.
