Wednesday, October 8, 2025

Latest

Kimbal Musk: Trump Tariffs Will Keep Prices High for American Consumers

Kimbal Musk, younger brother of DOGE head Elon Musk, criticized President Donald Trump’s tariff policies on Monday, describing them as a “structural, permanent tax on the American consumer.”

In a post on X, the restaurateur and entrepreneur warned that Trump’s approach to tariffs would ultimately harm US consumers through higher prices, even if the policy succeeded in bringing manufacturing jobs back to American shores.

“Even if he is successful in bringing jobs on shore through the tariff tax, prices will remain high and the tax on consumption will remain the form of higher prices because we are simply not as good at making all things,” Musk wrote.

The criticism comes during a week of market volatility triggered by Trump’s tariff announcements, with Tesla, where Kimbal serves as a board member, seeing its stock down 34% this year amid broader market concerns.

The public criticism highlights growing tensions within Trump’s business community allies over his trade policies. Elon, who serves as a close advisor to Trump on government efficiency, was himself involved in a separate spat with Trump trade advisor Peter Navarro over the weekend.

Kimbal, who co-founded restaurant chain The Kitchen and has invested in sustainable food systems and urban farming ventures, has taken a different political path from his brother, contributing to the Libertarian National Committee while Elon has become Trump’s most prominent financial backer.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Here’s How Canada Is Striking Back At Trump’s Tariffs

US-Canada relations are unraveling at a breakneck speed after President Donald Trump imposed sweeping tariffs...

Monday, February 3, 2025, 10:02:49 AM

Bill Ackman Sounds Alarm Bells On Trump’s Tariff: “An Economic Nuclear Winter”

Bill Ackman is once again at the center of a heated market debate after he...

Monday, April 7, 2025, 04:26:00 PM

Canadian Business Outlook Clouded by Trade Tensions, Bank of Canada Survey Finds

Two-thirds of Canadian businesses expect their costs to rise and most would increase selling prices...

Thursday, April 10, 2025, 02:54:00 PM

Tariffs Galore: Trump Threats 25% Levy On Auto, Pharma, Semiconductor

In our next episode on tariffs, President Donald Trump has declared his intention to impose...

Wednesday, February 19, 2025, 11:21:00 AM

Canadian Premiers Press Trudeau for Stronger Border Security

Canadian provincial leaders urged Prime Minister Justin Trudeau on Wednesday to strengthen border security and...

Monday, December 2, 2024, 02:04:00 PM