The 104% tariff on Chinese imports is now in effect, significantly escalating trade tensions between the United States and China.
This sharp increase is likely to raise costs for American consumers and businesses dependent on Chinese goods, while potentially disrupting global supply chains.
Despite widespread criticism from economists and CEOs, officials in the Trump administration remain steadfast in defending their trade policies.
Treasury Secretary Scott Bessent stated that about 70 countries are eager to discuss trade deals with the White House, while trade advisor Peter Navarro emphasized on Friday that tariffs are non-negotiable, according to CNBC.
At least one member of the Trump administration seems dissatisfied with the tariffs.
While not directly commenting on the White House’s trade policies, Elon Musk referred to Peter Navarro, the administration’s top trade advisor, as a “moron” and “dangerously dumb.”
Musk’s remarks came in response to Navarro’s comment that Tesla is more of a “car assembler” than a car manufacturer.
Musk has played a significant role in the Trump administration as the leader of the Department of Government Efficiency.
When asked about the exchange, White House press secretary Karoline Leavitt shrugged it off, saying, “Boys will be boys, and we will let their public sparring continue.”
