* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, September 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Economy

Tariff Tensions: Elon Musk and Trump Allies Warn of Looming Economic Crisis

October 29, 2024
in Economy
Elon Musk, Trump allies say tariff plans could cause economic pain
Share on FacebookShare on Twitter

Elon Musk, the CEO of Tesla‍ and SpaceX, addressed a rally supporting former President and Republican presidential nominee Donald Trump at Madison Square Garden in New York⁤ on October 27, 2024.

Image Credit: Angela Weiss | ​AFP | Getty Images

Allies Acknowledge Economic Challenges Ahead

High-profile supporters of Donald Trump,⁣ including Tesla’s Elon Musk, seem to accept that the policy framework outlined by the former president could initiate⁤ a temporary economic storm. However, they argue that this tumultuous phase⁤ is a small price to pay for brighter prospects down the road.

Musk Agrees with Concerns Over Short-Term⁢ Fallout

This past Tuesday, Musk shared ‌his agreement on ⁤social media with an analysis suggesting‌ that Trump’s proposals might lead to “substantial overreactions within the economy,” resulting in ⁣initial market declines before returning to stability. His response was ‌succinct: “Sounds about right,” indicating alignment with concerns surrounding Trump’s economic agenda.

The Price Tag of Tariffs⁢ and Tax Cuts

Musk is not isolated in his acknowledgment of potential consumer impacts stemming from Trump’s proposed‌ policies—a mix of⁢ significant ⁢tax reductions and broad tariffs. Last week, Howard Lutnick, CEO⁤ of Cantor Fitzgerald and co-chairman for Trump-Vance’s upcoming transition team in 2025, underscored how implementing hefty tariffs would likely drive up prices for countless ⁤imported goods.

Lutnick articulated during‍ an interview on CNBC’s “Squawk Box” ‍that while certain ‍tariffs would inevitably hike costs for specific products—effectively acting as‍ a temporary sales tax—this‌ approach might encourage consumers to consider domestic⁢ options. Still, he pointed out⁤ its limitations when U.S.-made alternatives are not available. “For products we can’t manufacture⁢ here,” he stated plainly regarding pricing pressures.

The Consumer Cost vs. ⁤Wage Gains ⁢Debate

Trump’s vice-presidential pick Ohio Senator JD Vance has also noted possible drawbacks related to these sweeping ⁢tariff measures‌ but ‍contends any losses consumers endure ‍could be offset by subsequent ​wage ​increases ⁣resulting from job growth ⁢stimulated‍ by such policies. In an August appearance on NBC’s “Meet the Press,” Vance remarked that “Any financial setback due to tariffs will ultimately translate into better earnings.”

Acknowledgments from Experts Amid Political Defense

A substantial number of economists have issued warnings regarding ⁤Trump’s second-term proposals—highlighting concerns about potential increases in⁣ federal deficits alongside rising consumer prices fueled by his tariff strategies. Vice President Kamala Harris has leveraged this critique effectively ‍branding ⁣such tariffs as akin to a “Trump sales tax.”

Tackling Criticism through ‍Acceptance Strategy

The recent remarks from figures like Musk and Lutnick indicate a new strategy among Trump’s allies: accepting some immediate hardships for future benefits while attempting ⁣to deflect criticism back onto Democrats regarding their economic stewardship. In response to queries about these sentiments made public before CNBC aired ⁢them out last week; Trump’s campaign dismissed claims linking short-term⁣ discomfort directly back to his proposed changes instead pivoting blame towards their Democratic opponent:

“The only pain facing Americans would stem from four years under Kamala’s ineffective economic strategies,” stated Brian Hughes who serves as senior advisor within the Trump campaign when addressing these critiques.

“Harris cannot keep her narrative consistent; it’s evident she opposes⁣ tariffs because she does not prioritize workers’ interests,” added ​Republican National Committee spokesperson Anna Kelly emphasizing Hughes’ points further.

Explore More ⁣Politics Coverage ‌on CNBC

Tags: Alliesbusiness newsEconomicEconomic CrisisECONOMYElon MuskElon’global economyMarket ImpactMuskpain'PlansPolitical EconomytariffTariff TensionsTrade PolicyTrumpTrump Allies
Previous Post

Exciting Announcement: Meet the Voices for the Saints vs. Panthers Clash!

Next Post

Vince McMahon’s Bold Comeback: New Entertainment Venture with WWE Legends!

Singapore Thrived in a US-Led World. Now What? – Bloomberg

Singapore Thrived in a US-Led World. Now What? – Bloomberg

September 5, 2025
Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

September 5, 2025
Justin Bieber’s ‘Swag II’ Album Isn’t Out as Promised & It’s Keeping Fans Waiting – yahoo.com

Justin Bieber’s ‘Swag II’ Album Postponed, Fans Left Counting Down the Days

September 5, 2025
Kennedy draws bipartisan pushback at Senate hearing over moves to limit vaccines – NBC News

Kennedy Faces Strong Bipartisan Opposition at Senate Hearing Over Vaccine Restrictions

September 5, 2025
Stephen A. Smith is ready to talk politics: ‘I will spare no one’ – The Washington Post

Stephen A. Smith Is Ready to Dive Into Politics: ‘I Will Spare No One

September 5, 2025
Borgo Laudato si’: Pope Leo XIV to launch new ecological and spiritual chapter – Vatican News

Pope Leo XIV to Ignite a Powerful New Era of Ecological and Spiritual Renewal at Borgo Laudato Si

September 4, 2025
Scientific objectivity is a myth – cultural values and beliefs always influence science and the people who do it – The Conversation

Why Scientific Objectivity Is a Myth: How Culture Shapes Science and Its Practitioners

September 4, 2025
Nuclear Fuel: The Art And Science Of The Nuclear Renaissance – The National Interest

Nuclear Fuel Uncovered: The Art and Science Powering the New Energy Revolution

September 4, 2025

Ramlila Artists Embrace Healthy Lifestyles to Truly Bring Divine Characters to Life

September 4, 2025
Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

September 4, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (807)
  • Economy (826)
  • Entertainment (21,704)
  • General (16,863)
  • Health (9,867)
  • Lifestyle (839)
  • News (22,149)
  • People (827)
  • Politics (833)
  • Science (16,036)
  • Sports (21,324)
  • Technology (15,806)
  • World (807)

Recent News

Singapore Thrived in a US-Led World. Now What? – Bloomberg

Singapore Thrived in a US-Led World. Now What? – Bloomberg

September 5, 2025
Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

September 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version