Kimbal Musk joined his brother, Elon, in criticizing tariffs, calling President Donald Trump’s recent moves a “structural, permanent tax on the American consumer.”
“Even if he is successful in bringing jobs on shore through the tariff tax, prices will remain high and the tax on consumption will remain the form of higher prices because we are simply not as good at making all things,” Kimbal Musk, a Tesla Inc. board member, said in a post on X. He added the policy could lead to a cycle of less consumption and less jobs.