Overview

• President Donald Trump criticized business leaders opposing his tariffs, calling them 'bad at business, but really bad at politics' on Truth Social.
• Trump described himself as 'the greatest friend that American capitalism has ever had,' doubling down on his trade policies despite widespread criticism.
• Corporate figures like Jamie Dimon and Mark Cuban warn that the tariffs could increase consumer costs, harm businesses, and lead to a recession.
• Elon Musk broke with Trump, advocating for a 'free trade zone' with Europe, while Kimbal Musk called the tariffs a 'structural tax' on consumers.
• The 90-day pause on tariffs, announced after market sell-offs, remains in effect, but economic uncertainty and global backlash continue to grow.