In recent developments, a surprising alliance between presidential candidate Donald Trump and Tesla’s Elon Musk has emerged, marked by mutual endorsements and shared views.
Musk has championed Trump’s potential presidency as a critical opportunity to address the U.S.’s mounting debt crisis.
In a recent interview on the All-in Summit podcast, Elon Musk praised Trump’s candidacy as a pivotal chance to implement necessary government reforms and prevent national bankruptcy.
.@elonmusk live at the all-in summit! https://t.co/ydbJcuAsGJ
— The All-In Podcast (@theallinpod) September 9, 2024
Musk has long criticized U.S. fiscal policies, particularly the excessive defense budget, which he believes contributes significantly to the national debt.
Moreover, Trump has proposed that Musk lead a new government efficiency commission to root out fraud and improve accountability within federal programs.
Musk has expressed readiness to take on this role, emphasizing his commitment to public service without seeking financial compensation.
Economist Peter Schiff isn’t buying the fanfare around the latest U.S.-China tariff deal. In his view, Washington just blinked.
Global markets are gaining traction after the U.S. and China struck a short-term trade deal, dialing down tariffs to 10% for a 90-day period starting May 14.
China is making quiet but decisive moves to elevate the yuan’s status in global finance, leveraging recent geopolitical shifts and trade negotiations to boost the currency’s reach.
A wave of optimism swept through global markets as the United States and China took decisive steps to de-escalate their long-running trade dispute.