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Musk Regrets Trump Posts, US-China Trade Plan Awaits Xi & Trump Approval | The Opening Trade 06/11
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June 11, 2025
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1:35:49Now PlayingElon Musk issued an apology on his social-media platform, X, over how he handled the dispute with President Trump last week. The dispute — which was triggered by Elon Musk’s opposition to the tax-cut bill President Donald Trump is pushing through Congress — posed a threat to Musk’s wealth when the president raised the prospect of retaliating by cutting off his government contracts. That would have battered SpaceX and Tesla’s stock price tumbled last Thursday, before recovering most of the loss.
“I regret some of my posts about President @realDonaldTrump last week,” he said on his social-media platform, X. “They went too far.”
After some 20 hours of negotiations in London, US Commerce Secretary Howard Lutnick said the US and China had established a framework for implementing the Geneva consensus that last month brought down tariffs - a framework now awaiting the blessing of Donald Trump and Xi Jinping.
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