Here's your Forbes Daily Briefing for Wednesday, April 9th.

Today on Forbes, Trump's tariffs are disastrous for Elon Musk.

Elon Musk had nothing to say last week after President Trump threw global financial markets into chaos

and sparked renewed fears of a global recession with his reciprocal tariffs announcement.

Musk has since found his voice and is making clear his opposition to Trump's signature economic

policy. On Saturday, Musk said that he'd like to see the U.S. and Europe move toward a zero-tariff's

agreement. On Sunday, he blasted Trump's trade advisor, Peter Navarro, for praising tariffs.

On Monday, he shared a video of economist Milton Friedman extolling the benefits of free trade.

On Tuesday, he continued to disparage Navarro and called him a moron and said he was, quote,

Dumber than a sack of bricks.

Musk even made personal appeals to Trump over the weekend,

according to a Washington Post story, which went nowhere.

It's no great wonder why Musk is unhappy.

Tariffs are bad for business,

and really bad for the businesses of the world's richest man.

Tesla's stock has fallen 17% since Trump's reciprocal tariffs announcement. On Wednesday afternoon, Trump suddenly

backed down and announced a pause on most reciprocal tariffs for 90 days, except for China,

which he hit with an increase to a 125% levy in an escalating trade war.

Stocks surged after the announcement, with Tesla up over 22% at market close.

SpaceX, which is privately held, faces rising costs across its supply chain and unhappy international

clients.

Musk's artificial intelligence startup XAI, Tunnel Builder Boring Co, and Brain Implant Firm,

...