Shumita Basu

He also said he would soon impose tariffs on pharmaceuticals, lamenting that America doesn't make our own medicines. The reaction from Wall Street to Trump's tariff plan has been unequivocally negative.

He also said he would soon impose tariffs on pharmaceuticals, lamenting that America doesn't make our own medicines. The reaction from Wall Street to Trump's tariff plan has been unequivocally negative.

He also said he would soon impose tariffs on pharmaceuticals, lamenting that America doesn't make our own medicines. The reaction from Wall Street to Trump's tariff plan has been unequivocally negative.

On Tuesday, the markets closed down for the fourth consecutive day in a row, and The Wall Street Journal reports that many CEOs are starting to break their silence, with people from JPMorgan Chase CEO Jamie Dimon to billionaire hedge fund manager and Trump backer Bill Ackman sharply criticizing the moves, and Republican donor and billionaire Ken Griffin calling them a huge policy mistake.

On Tuesday, the markets closed down for the fourth consecutive day in a row, and The Wall Street Journal reports that many CEOs are starting to break their silence, with people from JPMorgan Chase CEO Jamie Dimon to billionaire hedge fund manager and Trump backer Bill Ackman sharply criticizing the moves, and Republican donor and billionaire Ken Griffin calling them a huge policy mistake.

On Tuesday, the markets closed down for the fourth consecutive day in a row, and The Wall Street Journal reports that many CEOs are starting to break their silence, with people from JPMorgan Chase CEO Jamie Dimon to billionaire hedge fund manager and Trump backer Bill Ackman sharply criticizing the moves, and Republican donor and billionaire Ken Griffin calling them a huge policy mistake.

The policy has also led to some infighting inside the White House, with basically three different camps emerging. Here's how Justin Sink, a White House correspondent for Bloomberg News, described the competing schools of thought.

The policy has also led to some infighting inside the White House, with basically three different camps emerging. Here's how Justin Sink, a White House correspondent for Bloomberg News, described the competing schools of thought.

The policy has also led to some infighting inside the White House, with basically three different camps emerging. Here's how Justin Sink, a White House correspondent for Bloomberg News, described the competing schools of thought.

They're the ones who say this isn't about negotiating with other countries, that this is, as Navarro put it, quote, a national emergency triggered by trade deficits caused by a rigged system. Then in the middle, you've got Treasury Secretary Scott Besant, who says tariffs will force other countries to come to the table and offer major concessions.

They're the ones who say this isn't about negotiating with other countries, that this is, as Navarro put it, quote, a national emergency triggered by trade deficits caused by a rigged system. Then in the middle, you've got Treasury Secretary Scott Besant, who says tariffs will force other countries to come to the table and offer major concessions.

They're the ones who say this isn't about negotiating with other countries, that this is, as Navarro put it, quote, a national emergency triggered by trade deficits caused by a rigged system. Then in the middle, you've got Treasury Secretary Scott Besant, who says tariffs will force other countries to come to the table and offer major concessions.

Musk, who is the world's richest man, has lost an estimated $31 billion since Trump announced his tariffs, according to the Bloomberg Billionaires Index. His company SpaceX has said new trade barriers will negatively impact how its Starlink communications service can operate in foreign countries. And although Tesla makes all of the cars it sells in the U.S.

Musk, who is the world's richest man, has lost an estimated $31 billion since Trump announced his tariffs, according to the Bloomberg Billionaires Index. His company SpaceX has said new trade barriers will negatively impact how its Starlink communications service can operate in foreign countries. And although Tesla makes all of the cars it sells in the U.S.

Musk, who is the world's richest man, has lost an estimated $31 billion since Trump announced his tariffs, according to the Bloomberg Billionaires Index. His company SpaceX has said new trade barriers will negatively impact how its Starlink communications service can operate in foreign countries. And although Tesla makes all of the cars it sells in the U.S.

within the United States, it does get parts from other countries. And this has led to Musk and Navarro, Trump's top trade counselor, openly feuding. On X, Navarro called Musk a, quote, car assembler, not a car manufacturer, calling attention to how Teslas are made. Musk defended Tesla and called Navarro, quote, dumber than a sack of bricks. Here's Sink again.

within the United States, it does get parts from other countries. And this has led to Musk and Navarro, Trump's top trade counselor, openly feuding. On X, Navarro called Musk a, quote, car assembler, not a car manufacturer, calling attention to how Teslas are made. Musk defended Tesla and called Navarro, quote, dumber than a sack of bricks. Here's Sink again.

within the United States, it does get parts from other countries. And this has led to Musk and Navarro, Trump's top trade counselor, openly feuding. On X, Navarro called Musk a, quote, car assembler, not a car manufacturer, calling attention to how Teslas are made. Musk defended Tesla and called Navarro, quote, dumber than a sack of bricks. Here's Sink again.

While this spat is taking place on social media, Trump says he's open to talking to world leaders to strike deals that he says will be better for America. Specifically, he's indicated he feels confident a deal could emerge with South Korea. He also spoke with Israeli Prime Minister Benjamin Netanyahu this week.

While this spat is taking place on social media, Trump says he's open to talking to world leaders to strike deals that he says will be better for America. Specifically, he's indicated he feels confident a deal could emerge with South Korea. He also spoke with Israeli Prime Minister Benjamin Netanyahu this week.