Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

China has accused President Donald Trump of causing severe disruption to global supply chains after he doubled the United States' steel and aluminum tariffs to 50 percent. Trump hiked the Section 232 tariffs in a proclamation that took effect on June 4,

China and the U.S. have agreed to more tariff talks amid a trade standoff and concerns over rare earths, President Donald Trump said Thursday after a call with China's leader. Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade.

Musk’s criticism of Trump’s tariff stance comes at a pivotal moment. India and the US are in active talks to finalise a bilateral trade agreement aimed at reducing tariffs.

Elon Musk said President Trump’s tariff policies will cause a recession in the second half of the year. The post was in response to a user on his social media platform X who wrote “can i finally say that trump’s tariffs are super stupid.

Just days after he left his role as one of Trump’s closest advisers, Elon Musk has launched a campaign to sink the tax and spending bill tied to Trump's policy agenda.