Musk Slams Navarro, 104 % definitions on China lives soon

Within a few hours, the Trump tariff – which includes a 104 % dirty duty on Chinese imports.

Despite the increasing panic and anxiety expressed by economists and executive managers, Trump administration officials were stubborn in defending their trade policies. Treasury Secretary Scott Payette told CNBC on Tuesday that about 70 countries want to discuss deals with the White House, while commercial advisor Peter Navarro on Friday said the definitions are not negotiable. (Whether discussion of deals is a form of negotiations, apparently is discussed.)

But at least one member of the Trump staff does not seem very happy with the definitions. Elon Musk described, although he does not specifically address the White House commercial policies, describing Navarro – the highest trade consultant in the administration – as “fool” and “seriously stupid”. Musk is the reality leader of Duj, and is a major role in the Trump administration. He is also the CEO of Tesla, a multinational company.

However, given the extent to which strong White House officials invite the definitions, it does not seem likely to be the general Musk hostility with Navarro is the wound in world trade.

The definitions are preparing to kick
Customs and US Border Protection will Start in applying the new definitions of President Donald TrumpApril 9, 2025, 12:01 am EST He said in a statement. This includes a duty of 104 % on Chinese imports, which Trump presented after China took revenge on its own tariff, as a White House official confirmed to CNBC. Treasury Secretary Scott Bessin said on Tuesday the response of China.It was a big mistakeAnd “hand loss.”

Early gathering in American markets fades
American stocks fell on TuesdayAbandoning the gains from the march earlier in the day. the Dow Jon’s industrial average It was lost 0.84 %, although 3.9 % increased during the day. the S & P 500 1.57 % decrease and Nasdak 2.15 % decreased – the previous one has lost more than 12 % and the latter has decreased over 13 % in the past four trading sessions. Regional Europe Stoxx 600 The index added 2.72 %, Insurance shares, reinforced, Which rose 4.08 %.

Microsoft the most valuable company again
Apple 5 % decreased on Tuesday, putting its joint losses over the past four days by 23 %, giving the company, which is based in Cubino, its market value of $ 2.59 trillion. This means MicrosoftWhich is worth $ 2.64 trillion, it is again The most valuable public company in the world. Apple reaches the most difficult of which is the technology Megacap companies because of its dependence on China – and The manufacture of iPhone devices in the United States Not “something”, according to the analyst.

Al -Maski is entitled to attacks on Navarro
Timing CEO Elon Musk on Tuesday burst The best commercial advisor in Trump Peter Navarro “really fool“Musk was responding to the comment Navarro that Tesla is more than” cars assembly “more than the car manufacturer. When asked about the dispute, White House press secretary Caroline Levit said,” The children will be children, and we will allow public wandering in the debate. “

(Pro) stocks to take advantage of commercial deals
US Treasury Secretary Scott Payette said that about 70 countries had contacted the White House Discuss the tariff proposals. Some of these countries may reach an agreement first, which can be raised Companies shares That has close commercial transactions in those sites.

UAE President Tim Clark warns of “immovable lands” as the customs tariff hit global aircraft

“At the present time, we are at turbulent times,” Tim Clark, President of the Emirates Tim Clark told CNBC in an interview registered on March 20 – before Washington announced the latest global visitors.

Clark said: “It is inconvenient because it involves a scale for re-appointment to a level that the global economy has not seen since the financial crisis in the period 2008-2009,” noting increasing pressure on transport companies and the impact of ripples through the aviation supply chain.

The President of the Emirates offered the motives of the Trump administration, and the dedication of the trading escalation as a deliberate “commercial reset” aimed at reshaping world trade – although he warned that it might launch “turbulent water” in the meantime.