Elon Musk opposed in 2025 the tariffs imposed by the Trump administration, calling for free trade between America and Europe and the elimination of tariffs as they harm the economy and do not serve competition. Reports indicated that he directly contacted Trump asking for a reversal of the tariffs, but to no avail. Musk did not directly link inflation to the tariffs as the Federal Reserve did, but he criticized policies that increase costs and had previously called for lowering interest rates to stimulate the economy.
