Elon Musk Stays Quiet On Tariffs As Tesla Nosedive Continues
- President Trump's announcement of broad-based tariffs triggered global market turmoil on Wednesday evening.
- Trump's new tariffs program, a key policy, imposed levies on countries and penalized trade imbalances.
- The ensuing financial chaos saw investors panic, with the S&P 500 losing $2.4 trillion in value.
- Dan Ives stated via email to Forbes that tariffs were a 'debacle of epic proportions'.
- The tariffs negatively impacted tech billionaires, including Elon Musk, whose wealth decreased significantly.
33 Articles
33 Articles
Zuckerberg, Bezos, Musk lose billions as Trump tariffs hit
The combined wealth of the world's 500 richest individuals plummeted by $208 billion on Thursday, following a sharp market downturn triggered by the announcement of broad tariffs by US President Donald Trump. The decline marked the fourth-largest one-day drop in the history of the Bloomberg Billionaires Index, and the largest since the height of the COVID-19 pandemic. More than half of the billionaires tracked by the index saw their fortunes shr…
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