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Globe says Trump and Tesla's Musk headed for bust-up

2024-12-30 07:20 ET - In the News

The Globe and Mail reports in its Saturday edition that the love affair between Donald Trump and Tesla boss Elon Musk will end some time in 2025. The Globe's Eric Reguly, in his predictions for the new year, says the two egomaniacs are bound to butt heads at some point, all the more so since social media is gleefully depicting Mr. Musk as "president-elect Musk," which must drive Mr. Trump nuts. Fighting over more mundane issues, such as tariffs, might trigger the end of the bromance. Mr. Trump loves trade barriers and has threatened to slap them on pretty much every country, including 25-per-cent tariffs on all imports from Canada and Mexico, and another 10 per cent on Chinese goods, to stop job "theft." Mr. Musk seems to have a different view. In November, he praised the move by Javier Milei, the government-slashing President of Argentina, to cut import taxes as a "good move." Low tariffs have certainly helped electric-vehicle maker Tesla become the world's most valuable car company. China is Tesla's second-biggest market, and an essential source of EV batteries and other components. Mr. Musk would not want to see a global trade war, which could happen if Mr. Trump seeks revenge on countries with fat trade surpluses.

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