logo
Trump dismisses Musk's political ambitions as 'ridiculous' in sharp rebuke

Trump dismisses Musk's political ambitions as 'ridiculous' in sharp rebuke

Yahoo07-07-2025
President Donald Trump slammed former first buddy Elon Musk for starting a third political party, saying such parties have "never worked" while also calling the move "ridiculous."
Trump spoke with reporters before boarding Air Force 1 in Bedminster, New Jersey, when he was asked about Musk's move to start a third party.
"I think it's ridiculous to start a third party," Trump said from the tarmac. "We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion.
"It really seems to have been developed for two parties," the president continued. "Third parties have never worked. So, he can have fun with it, but I think it's ridiculous."
ELON MUSK LAUNCHES 'AMERICA PARTY' AFTER TRUMP SIGNS HISTORIC SPENDING BILL: 'WASTE & GRAFT'
Musk announced the launching of a new political party called the "America Party" on his social media platform X on Saturday.
Read On The Fox News App
The entrepreneur called the formation of the party a direct response to a corrupt political establishment that no longer represents the American people.
The announcement followed a viral July 4 poll on X, where Musk asked whether voters wanted independence from what he called the "two-party (some would say uniparty) system."
Elon Musk Says Us Is Ruled By 'Porky Pig Party' As Trump Defends His Vision Against Former Ally's Criticism
Over 1.2 million votes were cast, with 65.4% saying "yes."
"By a factor of 2 to 1, you want a new political party and you shall have it," Musk posted Saturday. "When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom."
A short time after his gaggle with reporters, Trump turned to Truth Social to express concerns over Musk, while giving insight into what may have led to the two parting ways.
"I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States - The System seems not designed for them," the president said. "The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds!
"Republicans, on the other hand, are a smooth running 'machine,' that just passed the biggest Bill of its kind in the History of our Country," Trump continued. "It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time."
Would Donald Trump Have Won The 2024 Presidential Election Without Elon Musk's Help?
Trump said he has been "strongly opposed" to an EV mandate from the very beginning, and the new bill allows consumers to buy whatever type of vehicle they want, whether it is electric, gas, or hybrid-powered.
"I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate - It was in every speech I made, and in every conversation I had," Trump said. "He said he had no problems with that - I was very surprised!"
Trump also said Musk asked a close friend of his to run NASA, but the president took issue with it when he found out that friend was a "blue blooded Democrat" who never contributed to a Republican.
"I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon's corporate life," he said. "My Number One charge is to protect the American Public!"
Musk chose to establish a new political party after expressing grave concerns with the president's "Big, Beautiful Bill," which was signed into law on Friday at the White House.
The sweeping $3.3 trillion legislation includes tax cuts, infrastructure spending and stimulus measures and has drawn criticism from fiscal conservatives and libertarians. Though Musk did not reference the bill directly in his America Party posts, the timing suggests rising friction between the billionaire and the president. Musk has previously warned that unchecked spending by both parties threatens the long-term health of the economy.
Trump Not Interested In Talking To Musk: 'Elon's Totally Lost It'
The new party, according to Musk's posts, will target a few key seats in Congress. The goal is to create a swing bloc powerful enough to hold the balance of power and block what Musk sees as the worst excesses of both Republicans and Democrats.
Third parties have traditionally had a difficult time gaining ground in American politics as the system is built for two dominant parties. With the Electoral College, winner-take-all elections and strict ballot access laws, outsiders cannot meaningfully compete. Even when a third-party candidate catches fire, it rarely lasts beyond a single election cycle.
One of the biggest third-party efforts in recent history was Ross Perot's 1992 run. He earned nearly 19% of the popular vote as an independent but didn't win a single Electoral College vote. It was the closest a third-party candidate got to the White House after President Teddy Roosevelt's famed Bull Moose Party run in 1912 against his onetime protégé, William Howard Taft.
Others, like Ralph Nader, have tried with the Green Party, and Gary Johnson with the Libertarian Party, but no third-party candidate has come close to winning the presidency.
Fox News Digital's Jasmine Baehr contributed to this report.Original article source: Trump dismisses Musk's political ambitions as 'ridiculous' in sharp rebuke
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Donald Trump announces trade deal with Japan
Donald Trump announces trade deal with Japan

Yahoo

time26 minutes ago

  • Yahoo

Donald Trump announces trade deal with Japan

US President Donald Trump has announced a trade framework with Japan, placing a 15% tax on goods imported from that nation. 'This Deal will create Hundreds of Thousands of Jobs – There has never been anything like it,' Mr Trump posted on Truth Social, adding that the United States 'will continue to always have a great relationship with the Country of Japan'. The president said Japan would invest 'at my direction' 550 billion dollars into the US and would 'open' its economy to American cars and rice. The 15% tax on imported Japanese goods is a meaningful drop from the 25% rate that Mr Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting on August 1. Early Wednesday, Mr Ishiba acknowledged the new trade agreement, saying it would benefit both sides and help them work together. With the announcement, Mr Trump is seeking to tout his ability as a dealmaker — even as his tariffs, when initially announced in early April led to a market panic and fears of slower growth that for the moment appear to have subsided. Key details remained unclear from his post, such as whether Japanese-built cars would face a higher 25% tariff that Mr Trump imposed on the sector. But the framework fits a growing pattern for Mr Trump, who is eager to portray the tariffs as a win for the US. His administration says the revenues will help reduce the budget deficit and more factories will relocate to America to avoid the import taxes and cause trade imbalances to disappear. The wave of tariffs continues to be a source of uncertainty about whether it could lead to higher prices for consumers and businesses if companies simply pass along the costs. The problem was seen sharply on Tuesday after General Motors reported a 35% drop in its net income during the second quarter as it warned that tariffs would hit its business in the months ahead, causing its stock to tumble. As the August 1 deadline for the tariff rates in his letters to world leaders is approaching, Mr Trump also announced a trade framework with the Philippines that would impose a tariff of 19% on its goods, while American-made products would face no import taxes. The president also reaffirmed his 19% tariffs on Indonesia. The US ran a 69.4 billion dollar trade imbalance on goods with Japan last year, according to the Census Bureau. America had a trade imbalance of 17.9 billion dollars with Indonesia and an imbalance of 4.9 billion dollars with the Philippines. Both nations are less affluent than the US and an imbalance means America imports more from those countries than it exports to them. The president is set to impose the broad tariffs listed in his recent letters to other world leaders on August 1, raising questions of whether there will be any breakthrough in talks with the European Union. At a Tuesday dinner, Mr Trump said the EU would be in Washington on Wednesday for trade talks. 'We have Europe coming in tomorrow, the next day,' Mr Trump told guests. The president earlier this month sent a letter threatening the 27 member states in the EU with 30% taxes on their goods to be imposed starting on August 1.

The president vows to slash medication cost to an unachievable degree.
The president vows to slash medication cost to an unachievable degree.

Yahoo

time26 minutes ago

  • Yahoo

The president vows to slash medication cost to an unachievable degree.

President Donald Trump has promised to reduce American drug prices by mathematically impossible figures of up to '1400 percent.' Speaking during a White House event attended by Republican members of Congress and his Cabinet, Trump said he would tackle the long-running issue of high medication costs in the U.S. But Trump did not set any achievable targets for that aim, instead outlining a range of percentages which would yield negative prices, meaning drug companies would have to pay people to take their medications.

TSX futures rise on US-Japan trade deal
TSX futures rise on US-Japan trade deal

Yahoo

time26 minutes ago

  • Yahoo

TSX futures rise on US-Japan trade deal

(Reuters) -Futures tied to Canada's benchmark index rose on Wednesday, after U.S. President Donald Trump revived hopes for deals with its trading partners following an agreement with Japan. Futures on the S&P/TSX index were up 0.5% at 1,637.1 points by 06:20 a.m. ET (1020 GMT). Trump struck a trade deal with Japan, lowering tariffs on auto imports and sparing Tokyo from punishing new levies on other goods, in exchange for a $550 billion package of U.S.-bound investment and loans. Meanwhile, prospects of an EU-U.S. trade agreement improved after Trump said on Tuesday that EU representatives would come for trade negotiations on Wednesday. The news lifted market sentiment and sparked hopes of more U.S. agreements before the August 1 tariff deadline. In commodities, gold prices fell and oil prices were steady. Copper prices touched their highest in over two weeks. In corporate news, Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management. In the U.S., Alphabet and Tesla will kick off the results season for the "Magnificent Seven" stocks later in the day. Canada's main stock index rose on Tuesday, led by mining shares. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store