NAIROBI (CoinChapter.com)— Former U.S. President Donald Trump stated he would take into account appointing Tesla CEO Elon Musk to a Cupboard place if he wins the 2024 election. Trump made this assertion throughout an interview with Reuters on Aug. 19 after a marketing campaign occasion in York, Pennsylvania.
He additionally expressed his intention to reassess the $7,500 tax credit score for electrical automobiles (EVs), signaling a possible rollback of present insurance policies.
Trump’s remarks recommend a possible rollback of EV incentives expanded beneath President Joe Biden in 2022. Whereas Trump hasn’t made closing choices, he helps a various car market, together with gasoline, hybrid, and electrical choices.
He questioned the sustainability of the EV market attributable to issues about price and battery vary.
Elon Musk’s Potential Position in Trump Administration
The potential of Elon Musk becoming a member of Trump’s Cupboard or serving as an advisor has gained consideration, notably after Musk endorsed Trump final month. Trump has not specified which division Musk would possibly lead, however Musk’s experience may align with power, transportation, and commerce roles.
Trump’s consideration of Musk displays his broader technique of involving enterprise leaders in his administration. The transfer comes as Trump additionally indicators opposition to Biden’s EV-focused insurance policies, advocating for a extra balanced method that features conventional automobiles alongside electrical ones.
Including to the intrigue, Musk lately ran a ballot on X. He requested followers who they might vote for within the upcoming election. The unscientific ballot has drawn almost 1 million votes with 22 hours remaining. At present, Trump leads with 78.8% of the votes towards Vice President Kamala Harris.
Trump’s Financial and Commerce Coverage
Donald Trump plans to impose tariffs on automobiles produced in Mexico by main automakers. He argues that Mexico is “stealing our car industry.”
The proposed tariffs goal to encourage home manufacturing. Nevertheless, Trump is open to worldwide automakers constructing crops within the U.S., supplied they make use of American employees.
Trump additionally criticized Alphabet’s Google, although he stopped in need of calling for its breakup. He described the tech large working just like the “Wild West” and urged it ought to face penalties.
Relating to TikTok, Trump acknowledged the challenges of banning the app, citing issues about free speech. He urged that TikTok’s dad or mum firm, ByteDance, would possibly promote its U.S. belongings to adjust to a legislation that units a Jan. 19, 2025, deadline for divestment.