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Stock in the company has dropped every week since Musk went to Washington, wiping out more than $700 billion in market value. And Musk's personal net worth has dropped $148 billion since Inauguration Day, according to the Bloomberg Billionaire Index.
Trump Checks Out Teslas At White House As Musk's Auto Company Stock Sinks
President Trump's sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America's trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties.
Mr. Trump's tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. The move, which many domestic steel and aluminum makers support, is expected to raise costs for American manufacturers of cars, tin cans, solar panels and other products, potentially slowing the wider U.S. economy.
Trump’s Worldwide Tariffs on Steel and Aluminium Take Effect
European Commission president Ursula von der Leyen announced a response to new US tariffs on steel and aluminium imports, unveiling a package of countermeasures aimed at US exports.
Early Wednesday morning, the EU executive launched a set of proportionate countermeasures on US imports into the EU, targeting a variety of American products, ranging from boats to bourbon to Harley-Davidson motorbikes.
EU Strikes Back Against US Steel and Aluminium Tariffs With Retaliatory Package
March 12 (Reuters) - Canada will announce C$29.8 bln in retaliatory tariffs on the United States on Wednesday in response to U.S. President Donald Trump's steel and aluminum tariffs, a Canadian official said.
Canada is the biggest foreign supplier of steel and aluminum to the United States.
Canada To Announce C$29.8 Billion In Retaliatory Tariffs On US, Official Says
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