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Tesla slump, Elon Musk signals break with Donald Trump over China tariffs

Elon Musk made a personal appeal to Donald Trump to withdraw new tariffs on Chinese goods, but the talks remain unsuccessful amid rising tensions.

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Musk Trump over China tarrif

Elon Musk, CEO of Tesla and a prominent advisor to former US President Donald Trump, has reportedly urged Trump to roll back new tariffs on Chinese imports — but his appeals have so far been unsuccessful. According to reports, Musk held private talks with Trump and made a personal appeal, warning that escalating tariffs could disrupt global trade and harm American businesses.

The controversy arose after Trump threatened to add a fresh 50% tariff on Chinese imports, building on an earlier hike of 34%. In response, Musk — who heads the Department of Government Efficiency (DOGE) in Trump’s circle — attempted to convince Trump to soften the tariff plan, but “has not brought success so far”.

While keeping formal diplomacy behind closed doors, Musk subtly signaled disagreement with Trump’s protectionist stance by posting a video of Milton Friedman, the late conservative economist, on X (formerly Twitter). In the video, Friedman explains the benefits of free trade and global collaboration, using the example of a pencil to illustrate economic interdependence.

Before the new tariffs took effect, Musk voiced his concerns during a conversation with Italy’s Deputy Prime Minister Matteo Salvini, stating, “I hope it’s agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation. That has certainly been my advice to the president.”

Musk has consistently opposed tariffs, citing their negative impact on global supply chains and companies like Tesla, which operate in both the US and China. His earlier attempts to combat tariff policies include filing a lawsuit during Trump’s first term to challenge duties imposed on Tesla imports from China.

Tensions rise amid Tesla’s declining market value

This rift comes at a turbulent time for Musk. Tesla’s stock dropped by over 2.5%, closing at $233.29 following a broader market slump, and has lost more than 38% of its value this year. Analysts attribute part of the decline to Musk’s growing political involvement, which some believe has distracted from Tesla’s core operations.

In another sign of strain, Musk took a swipe at Peter Navarro, Trump’s trade adviser, by mocking his Harvard PhD credentials, calling it “a bad thing, not a good thing” — a move that drew attention but not yet a response from Navarro himself.

Meanwhile, White House spokesperson Karoline Leavitt defended Navarro, emphasizing that Trump encourages diverse viewpoints within his team.

A high-profile disagreement

Musk’s challenge to a core Trump policy marks one of the most visible disputes between the former president and a top advisor, particularly significant given that Musk reportedly contributed nearly $290 million to Trump’s last election campaign. The disagreement also comes ahead of Musk’s expected departure from DOGE, further signaling a possible shift in alignment.

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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