Top allies of former President Donald Trump, including Tesla CEO Elon Musk and Cantor Fitzgerald CEO Howard Lutnick, are aligning with economists who warn that Trump’s economic proposals may lead to consumer price hikes. Musk recently agreed with a post on X suggesting Trump’s policies might trigger a severe overreaction that could disrupt markets before stabilizing. Trump’s team contends the policy’s long-term benefits justify the temporary price strain.
