Elon Musk, speaking to Zerodha cofounder Nikhil Kamath on the People by WTF podcast, revealed that he had tried to dissuade President Trump from imposing tariffs but was unsuccessful.
“I mean, the President has made it clear he loves tariffs. You know, I’ve tried to dissuade him from this point of view, but unsuccessfully,” said Elon Musk.
“I think generally free trade is better, is more efficient. Tariffs tend to create distortions in markets,” he said, adding that barriers make little sense even at a basic level. “Would you want tariffs between you and everyone else at an individual level? That would make life very difficult. Would you want tariffs between each city? No — that would be very annoying. Would you want tariffs between each state within the United States? That would be disastrous for the economy. So then why do you want tariffs between countries?”
