Finance

Elon Musk Slams Trump Adviser Peter Navarro Over Tariffs as Billions Slip Away

2025-04-05

Author: Jacques

In a dramatic turn of events, Elon Musk has broken his silence regarding the devastating impact of Trump's tariffs, which have cost him billions in recent market volatility. The Tesla CEO directed his frustrations toward Peter Navarro, a key economic adviser during Trump's presidency, known for his staunch support of these trade policies.

Musk's criticism follows the White House's announcement of a staggering 34% tariff on Chinese imports, a decision that Navarro championed. China retaliated with an equal counter-tariff, adding further strain to Tesla, which relies heavily on components sourced from Chinese manufacturers.

In a tweet that stoked the fires of debate, Musk responded sharply to Navarro's defense of the tariffs, saying, “A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/brains>>1 problem.” He further echoed a sentiment that depicted a pattern of trouble associated with Harvard-educated economists by stating, "Yup," in agreement with a quote suggesting that prominent Harvard figures are often at the center of American disasters.

Musk didn’t hold back his disdain for Navarro, stating simply, “He ain't build s**t,” dismissing the adviser while highlighting his own ground-level experience in technology and innovation. Navarro is not alone in his position, as Stephen Mira, chair of the Council of Economic Advisers and another Harvard PhD, shares a similar stance regarding tariffs, which have contributed to escalating tensions in global trade.

As Musk contemplates his next moves amidst a turbulent economic climate, he appears to be stepping back from his government-related commitments. Though the Trump administration expressed a desire to retain Musk in his special role, which revolves around Dogecoin-related initiatives, it remains unclear how this will align with Musk's responsibilities at Tesla and SpaceX, especially given the uncertain trajectory of the tariffs.

Despite the fallout, Musk seems determined to continue pushing boundaries within his companies while navigating the complexities of U.S. trade policy and international markets. With significant stakes involved, many are eager to see how these developments unfold and impact Musk's ambitious plans for the future.