Kimbal Musk says that the former president’s strategy represents a permanent tax disguised as an economic measure
Kimbal Musk, a food industry entrepreneur and the younger brother of Elon Musk, publicly criticized Donald Trump’s proposed tariff policy, calling it a “structural and permanent tax” on U.S. consumers.
The statement came after Trump announced on Wednesday (April 2) a new round of global tariffs on imported goods, which caused significant instability in international financial markets.
In a post on X (formerly Twitter), Kimbal stated that although the tariffs may bring jobs back to U.S. soil, they will keep prices high and penalize domestic consumption. “We’re not that efficient in producing everything. Therefore, costs will remain high,” he wrote.
He also warned about the chain reaction of the measure. “Less consumption means fewer jobs. Fewer jobs result in even less consumption. It’s a negative cycle that harms the economy.”
Kimbal argued that the United States should lean on its strengths rather than force the development of sectors where it is structurally weaker. “The same goes for any country in the world,” he added.
Who would have thought that Trump was actually the most high tax American President in generations.
Through his tariff strategy, Trump has implemented a structural, permanent tax on the American consumer.
Even if he is successful in bringing jobs on shore through the tariff…
— 𝙺𝚒𝚖𝚋𝚊𝚕 𝙼𝚞𝚜𝚔
(@kimbal) April 7, 2025
This criticism comes amid Kimbal’s strategic moves: last month, he sold $27 million in Tesla shares while his brother’s company faces challenges related to Elon’s role in government, particularly with the DOGE project.
Behind the scenes, some see Kimbal’s statements as a potential distancing of the Musk family from Trump, especially on economic issues.
Source and images: Indy100 / X. This content was created with the help of AI and reviewed by the editorial team.
