As Elon Musk reveals he tried to convince President Donald Trump not to implement sweeping tariffs, U.S. manufacturers are linking the levies with industry troubles.

In an interview with investor and entrepreneur Nikhil Kamath released on Sunday, Musk said he warned Trump against tariffs, arguing they “create distortions in markets.” The Tesla CEO has previously expressed concern that import taxes would cause a recession and drive up the prices of goods. In April, the EV maker stopped taking orders for some models in China, which then faced a retaliatory 125% tariff.

“The president has made it clear he loves tariffs,” Musk said in the interview. “I’ve tried to dissuade him from this point of view, but unsuccessfully.”

“Would you want tariffs between you and everyone else at an individua

See Full Page