Coverage dated March 31, 2025 to April 7, 2025

Trump Tariffs: Billionaires React To Global Stock Selloff—Including Elon Musk, Jamie Dimon, Bill Ackman

Headline from Forbes, on the newest of 2 developments

Even longtime Trump supporters are opposing the president’s tariffs as they roil the stock market.

Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

Apr 5, 2025
Musk Calls For United States And European Union To Move To Zero-Tariff System
Headline from Forbes ·
Apr 7, 2025Newest
Trump Tariffs: Billionaires React To Global Stock Selloff—Including Elon Musk, Jamie Dimon, Bill Ackman
Headline from Forbes ·

4 reports not tied to one development ·

Read the reports

Reports & sources

15 articles, oldest first.

The New Republic
Donald Trump Fell for Elon Musk’s Big Con (opens The New Republic)
Published Mar 31, 2025
The New Republic's feed description
The Tesla and SpaceX CEO spent a pittance to help Trump get elected, and now the president is doing everything in his power to make Musk even richer—at Trump’s own political expense.
The Hill
Why Tesla may avoid the blow of Trump’s auto tariffs (opens The Hill)
Published Apr 1, 2025
The Hill's feed description
Elon Musk’s focus on American-made products at Tesla could shield his company from the brunt of President Trump’s new tariffs on foreign vehicles and automobile parts. While foreign automakers and American consumers anticipate climbing car prices, the electric vehicle (EV) manufacturer — led by Musk…
The Guardian
Trump news at a glance: sweeping tariffs announced; Musk could be nearing end of role (opens The Guardian)
Published Apr 2, 2025
The Guardian's feed description
Trump announces ‘reciprocal’ tariffs on largest US trading partners; Elon Musk may leave government role at end of 130-day cap. Here’s your roundup of key US politics stories from 2 April 2025
Forbes
Musk Calls For United States And European Union To Move To Zero-Tariff System (opens Forbes)
Published Apr 4, 2025
Forbes's feed description
President Donald Trump imposed tariffs of 20% on the European Union as part of his “Liberation Day” tariff policy.
CNN
Elon Musk at odds with Trump tariffs policy, wants ‘zero tariff situation’ between US and EU (opens CNN)
Published Apr 4, 2025
CNN's feed description
The Tesla CEO’s comments come after President Donald Trump on Wednesday announced 20% tariffs on goods from the European Union.
New York Post
Elon Musk appears to break with Trump admin on tariffs — as he slams Peter Navarro and says he wants ‘zero tariff situation’ with Europe (opens New York Post)
Published Apr 5, 2025
New York Post's feed description
Elon Musk expressed his hope Saturday for a "zero tariff situation" between the US and Europe — appearing to break from President Trump just days after he levied tariffs against virtually every US trading partner.
The New Republic
Elon Musk Suddenly Distances Himself From Trump Over Tariffs (opens The New Republic)
Published Apr 6, 2025
The New Republic's feed description
The world’s richest man seems pissed over Trump’s economic policies.
Forbes
Billionaires Including Elon Musk Lash Out Over Global Market Meltdown And Trump Tariffs (opens Forbes)
Published Apr 6, 2025
Forbes's feed description
Even longtime Trump supporters are opposing the president’s tariffs as they roil the stock market.
Mother Jones
Elon Musk is taking aim at Trump's top tariff guy (opens Mother Jones)
Published Apr 6, 2025
Mother Jones's feed description
The clock on Trump and Musk's bromance may be ticking.
Forbes
Trump Tariffs: Billionaires React To Global Stock Selloff—Including Elon Musk, Jamie Dimon, Bill Ackman (opens Forbes)
Published Apr 7, 2025
Forbes's feed description
Even longtime Trump supporters are opposing the president’s tariffs as they roil the stock market.
Insider
Why Elon Musk is breaking with Donald Trump over tariffs (opens Insider)
Published Apr 7, 2025
Insider's feed description
The Tesla CEO has been one of Trump's most outspoken cheerleaders — but Musk is not a fan of the tariffs that have shaken global markets.
Newsweek
Is Elon Musk splitting with Trump over tariffs? Everything we know (opens Newsweek)
Published Apr 7, 2025
Newsweek's feed description
The relationship that has defined Trump's second administration is facing the strain of the president's tariff policy.
Insider
Why Elon Musk is breaking with Trump over tariffs (opens Insider)
Published Apr 7, 2025
Insider's feed description
Trump's new trade policies are raising costs for Tesla and fueling market chaos — but Musk isn't staying quiet. He's calling for zero tariffs.
The Guardian
Musk reportedly made several pushes for Trump to back off global tariffs surge (opens The Guardian)
Published Apr 7, 2025
The Guardian's feed description
Musk’s unsuccessful attempts may be sign of growing rift between US president and tech billionaire
Quartz
Elon Musk is starting to break with Donald Trump over the trade war (opens Quartz)
Published Apr 7, 2025
Quartz's feed description
Musk has made personal appeals to Trump to walk back the tariffs as Tesla's stock continues to fall