Elon Musk responded to Peter Navarro’s comments on CNBC about tariffs by expressing disagreement with President Trump’s decision to impose tariffs on pharmaceuticals from foreign countries. Trump has indicated that tariffs on drug imports could be as high as 25%, leading to increased consumer prices. Trump believes that imposing tariffs will benefit Republicans in the 2026 midterm elections, despite concerns about the impact of tariffs on the stock market and the economy. The White House announced that tariffs on Chinese goods will increase to 104% starting Wednesday, following escalating trade tensions between the US and China. Critics have warned that tariffs could potentially lead to an economic downturn and damage Republican prospects in the elections. Musk’s disagreement with the tariffs reflects the broader debate over the effectiveness and impact of protectionist trade policies on both the economy and political landscape.
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