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Elon Musk's brother, Kimbal, slams Trump's tariffs as a 'permanent tax on the American consumer'

1. Kimbal Musk criticized Trump's tariffs as a permanent tax on consumers. 2. Trump's tariffs affect 185 countries, raising costs dramatically. 3. S&P 500 down nearly 14% year-to-date due to tariff fears. 4. Economists estimate tariff losses at around $30 trillion. 5. Elon Musk advocates for a zero-tariff trade environment.

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FAQ

Why Bearish?

The tariffs are likely to suppress consumer spending, negatively affecting corporate earnings and S&P 500 performance.

How important is it?

The article reflects ongoing government policies impacting investors' confidence, potentially affecting market valuations.

Why Short Term?

Immediate market reactions to tariffs and potential adjustments to corporate pricing will largely influence short-term performance.

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