Tech mogul gives unexpected advice to incoming president about money matters

Billionaire entrepreneur shares thoughts about import taxes and key government position picks on social media. His public messages hint at trying to shape future economic policies

November 16 2024 , 11:09 PM  •  2745 views

Tech mogul gives unexpected advice to incoming president about money matters

Elon Musk the tech-savvy billionaire (known as president-elects “first buddy“) made some eye-catching posts about economic choices on his social-media platform

The multi-company owner shared his take on trade policies; expressing support for reduced import fees — which goes against the president-elects plan to set record-high tariffs not seen since early 1900s

Later that day Musk jumped into the treasury-secretary discussion: suggesting Howard Lutnick would be a better pick than hedge-fund expert Scott Bessent. His public statement shows how the tech leader isnt shy about sharing his views on high-level appointments

The Tesla and SpaceX chiefs messages on X (the platform he bought and manages) show his direct-communication style; making his thoughts known about important economic decisions that could shape trade policies