President Donald Trump has hinted at a possible reduction in the proposed 145% tariffs on Chinese goods. While stating that the tariffs won't be eliminated entirely, Trump suggested a "substantial" decrease. This comes amid ongoing trade negotiations between the U.S. and China.
Meanwhile, Elon Musk is shifting his focus back to Tesla after the company's latest earnings report showed a decline in revenue. Musk had previously dedicated a significant portion of his time to the Department of Government Efficiency, but now aims to address the challenges facing the electric car manufacturer. The company's slumping sales have raised concerns among investors, and Musk is expected to implement strategies to revitalize growth and improve Tesla's market position.
Trump Softens Stance on China Tariffs; Musk Prioritizes Tesla Sales
President Trump suggests potential reductions to proposed tariffs on Chinese goods, signaling a possible shift in trade policy. This comes as Tesla CEO Elon Musk redirects his focus to boosting the company's sales after a recent earnings report revealed declining revenue. Musk's renewed attention aims to address concerns about Tesla's performance in the electric vehicle market. The changes could have a significant impact on the economy.
Source: Read the original article at NBC