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.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

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

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

Police Contain ‘Active Threat’ at University of Toronto Mississauga Residence

McLaren Resources Launches Satellite Targeting Program Across Three Timmins Area Gold Properties

Related News

Trump: 50% or 100% Tariffs On Cars

As part of his relentless tirades on trade relations, President Donald Trump has also set...

Tuesday, February 11, 2025, 03:41:00 PM

China Confident in Economic Resilience Despite US Tariff Pressure

Chinese officials dismissed concerns about US tariffs this week, asserting they have ample tools to...

Saturday, May 3, 2025, 09:31:00 AM

Ford Dumps Canadian-Made Crown Royal to Protest Job Losses

Ontario Premier Doug Ford poured out a bottle of Crown Royal whiskey during a news...

Wednesday, September 3, 2025, 12:55:00 PM

Trump Signs Executive Order For 25% Tariffs On Canada, Mexico, To Take Effect Tuesday

U.S. President Donald Trump signed an executive order on Saturday imposing significant tariffs on imports...

Saturday, February 1, 2025, 06:15:37 PM

“Sharpest Decline In Earnings Outlook Since 2020” Signals Recession Ahead — Report

The US economy is hurtling toward a stagflationary recession, according to a report by Apollo...

Monday, April 28, 2025, 12:01:00 PM