
Tesla Inc. TSLA board member Kimbal Musk criticized President Donald Trump‘s tariff policies Monday, calling him “the most high tax American President in generations” through his implementation of what Musk described as a “structural, permanent tax on the American consumer.”
What Happened: In a series of posts on X, Musk, the brother of Tesla CEO Elon Musk, argued that tariffs create a cycle of economic harm: “A tax on consumption also means less consumption, which means less jobs. Which in turn leads to less consumption. And then even fewer jobs.”
When asked why other countries would care about U.S. tariffs if American consumers bear the cost, Kimbal Musk responded: “Other countries care because a tax reduces consumption of their goods. Reduced consumption does not create more jobs in America. The net outcome is less jobs on both sides of the borders, and higher prices in America.”
Momentum91.25
Growth67.63
Quality96.17
Value11.60
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.