Elon Musk-Donald Trump: There are signs of improving a relationship between Tesla CEO Allen Musk and US President Donald Trump. After Trump’s sharp criticism of ‘One Big Beautiful Bill’, now Tech Billionaire Musk has apologized to him. With this, there has been a tremendous bounce in the net worth of Musk.

Musk’s net worth increased so much

According to Forbes’ real-time bilinyer rankings, Musk’s net worth has increased from $ 411.4 billion to $ 191 million. Musk said through a post on X on Wednesday night, “I am sorry for some of my posts on President Donald Trump last week.” The matter had moved a little further. According to a New York Times report, on Friday, Allen Musk had a phone conversation with US Vice President JD Vance and White House Chief of Staff Suzy Wills, in which the two sides discussed the reconciliation among themselves.

Trump confesses to Musk’s apology

Talking to the media here, Press Secretary Caroline Levitt told that Trump has accepted Musk’s apology and he appreciates it. The press secretary said, “We will continue to focus on the work and business of the people of America.”

Both had a fight over this matter

Let us know that the dispute between Trump and Musk started when Musk publicly condemned Trump’s tax bill. He described it as extravagant. He had said that this is a bill of waste of public money and it could not be discussed much, so it was passed overnight.

Angered by Musk’s words, Trump had said that he was fully aware of this bill, but he did not respond to it earlier. But as Musk came to know that the electric vehicle subsidy was being cut, then he understood that this would cause a loss of billions of dollars to his company. Trump had also talked about ending the government subsidy by threatening Musk.

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Trump Tariff: US President Donald Trump has announced to increase the tariff on foreign steel imports from 25% to 50%. This step has come at a time when tension is at the peak in the trade relations of important minerals and technology between the US and China. Trump announced this at the US Steel’s Mon Valley Works-Irwin plant on Friday (May 30), saying that America’s future should be based on the poor steel of Shanghai, but on the strength and pride of Pittsburgh.

The US has decided to increase the tariff on steel because it wants to protect domestic steel growers. Apart from this, we want to take initiative to strengthen the US construction industry. America wants to hurt them financially by creating business pressure on China. Efforts are being made to strengthen the US Steel-Nippon Deal behind increasing the tariff. Explain that industries like America’s housing, automotive and construction are highly dependent on steel. Increasing tariffs can increase costs in these areas, due to which the prices of products can also go up. This can cause additional burden on consumers. However, the decision to increase tariffs will reduce trust in imports from China, Canada, Europe.

US Steel and Nippon Deal
Donald Trump announced a new blockbuster deal with Japan’s Nippon Steel American company US Steel, but the company will remain under US control. The arrangement includes the provision of an American leadership team and a special veto power (“Golden Share”). Although the clear details of this deal have not yet been made public, it is still presented as a strategy to protect the American company from foreign acquisitions.

Unions concerned suspicion on deal
The United Steelworkers Union has raised questions about the blockbuster deal. He believes that the nippon would not invest without complete ownership, as he said earlier. Because of this, the union is questioning the transparency of this deal.

Donald Trump Tariff: US President Donald Trump has once again created a stir in the business world. From June 1, 50% tariffs on all imports of the European Union and 25% tax on foreign smartphones have been announced. This decision of Trump has created turmoil in international markets and global diplomacy. On the decision, Trump said on the social media post that our discussion is not reaching anywhere and they are behaving unjustly with our products.

Apple, which is already transferring production to India to avoid China’s tariff, has now come under the target of Trump. Trump has clearly warned the company’s CEO Tim Cook to either produce Apple in the US or pay 25 % tax. In this way, heavy tariffs on the iPhone directly mean Apple’s smartphones will become expensive and its demand in the US market will be reduced. After this decision, Apple’s shares have fallen by 3% which indicates that the market situation has become serious.

European Union’s response
EU trade chief Maros Sefkovic made a mutual honor and peaceful urge after US President Donald Trump imposed a 50 per cent tariff. Apart from this, Dutch PM Dick Shuf said that this is the old strategy of Trump, they threaten and bargain. If a 50 percent tariff is applied to EU, due to this, many ways will become equal. Due to this, prices of cars, pharmaceuticals, aircraft and aircraft parts will increase. 50% tariffs in these areas may also have to pay heavy prices for American customers.

The impact of Trump’s decision is being seen in the market. American and European stock markets have fallen. Gold prices have seen a rise. On this, Bloomberg’s financial analyst says that earlier the situation of the global market was recovering. However, now the instability has returned once again.

The news is being updated ….