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The Independent UK
The Independent UK
Graig Graziosi

Musk again distances himself from Trump tariffs by scoffing at Lutnick’s attempt to explain duties on penguin island

Tesla and X boss Elon Musk has continued to take jabs at Trump officials defending the president's new tariffs, appearing to want to distance himself from the controversial policy that has been roiling world markets.

President Donald Trump’s tariffs have tanked global markets, and the ultra-wealthy like Musk have been feeling the blow. According to a CNBC analysis, Musk has lost just over $30bn since Trump announced his tariffs. On Sunday, stock futures were down across the big three indexes, and analysts predicted that U.S. markets would open lower on Monday.

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