The article discusses the contrasting reactions in the financial markets to President Trump's latest tariffs and Elon Musk's growing influence in government. Investors appear to be optimistic about Musk's ventures, particularly regarding X, which has successfully offloaded significant debt, reflecting confidence in its future prospects under Musk's influence. On the other hand, Trump's recent tariff announcements have not rattled the markets; instead, they show resilience, largely due to a lack of immediate detail and the postponement of enactment until April, allowing room for negotiation.
Musk's growing power in government appears to be making some of his businesses more of a magnet for investors. Investors are betting that the company's future is brighter because of his role at the heart of government.
To the seeming relief of investors, there was little detail in Trump's latest executive order. The measures won't be enacted until early April at the earliest, giving federal agencies time to study how to calibrate country-specific levies.
Collection
[
|
...
]