Politics USA
Elon Musk Predicts Trump Tariffs Will Trigger Recession, Escalating Public Feud
Elon Musk predicted that Donald Trump’s tariffs will trigger a recession later this year, marking a significant public fallout between the tech billionaire and the president. Musk’s comments on X highlighted his opposition to Trump’s economic policies, calling the tariffs “super stupid.” This feud intensified after Trump expressed disappointment over Musk’s stance on the “One Big Beautiful Bill” during a press appearance. Musk criticized the bill as “pork-filled” and a “disgusting abomination,” aligning with the nonpartisan Congressional Budget Office’s estimate that it could increase deficits by $2.4 trillion over a decade. Financial experts, including JPMorgan, have echoed concerns about the potential negative impact of Trump’s tariffs on the US economy, with initial predictions of a 60% chance of recession adjusted to below 50% after Trump paused most of his highest tariffs.