
Trump and Musk alliance melts down in blazing public row
WASHINGTON: Donald Trump and Elon Musk's unlikely political marriage exploded in a fiery public divorce Thursday, with the US president threatening to strip the billionaire of his huge government contracts in revenge.
Trump said in a televised Oval Office diatribe that he was 'very disappointed' after his former aide and top donor criticized his 'big, beautiful' spending bill before Congress.
The pair then hurled insults at each other on social media -- with Musk even posting, without proof, that Trump was referenced in government documents on disgraced financier and sex offender Jeffrey Epstein.
The row could have major political and economic fallout, as shares in Musk's Tesla car company plunged and the South African-born tech tycoon vowed that he would end a critical US spaceship program.
Speculation had long swirled that a relationship between the world's richest person and its most powerful could not last long -- but the speed of the meltdown took Washington by surprise.
'I'm very disappointed in Elon. I've helped Elon a lot,' Trump told reporters in the Oval Office as visiting German Chancellor Friedrich Merz looked on silently.
'Elon and I had a great relationship. I don't know if we will anymore.'
A hurt-sounding Trump, 78, noted in a 10-minute diatribe that it had been only a week since he hosted a grand farewell for Musk as he left the cost-cutting Department of Government Efficiency (DOGE).
Trump later called Musk 'crazy' and insisted he had asked the tycoon to leave because he was 'wearing thin.'
- 'Ingratitude' -
Musk hit back in real time on his X social media platform, saying the Republican would not have won the 2024 election without him and slamming Trump for 'ingratitude.'
As the spat got increasingly vindictive, Musk also posted that Trump 'is in the Epstein files,' referring to US government documents on Epstein, whose 2019 jail cell suicide, while awaiting trial, sparked a major conspiracy theory.
'Have a nice day, DJT!' added Musk.
White House Press Secretary Karoline Leavitt told AFP that Musk's Epstein tweet 'is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted.'
Musk, who was Trump's biggest campaign donor to the tune of $300 million, separately claimed the Republican would not have won the 2024 election without his support and accused him of 'such ingratitude.'
He replied 'yes' to a post suggesting Trump should be impeached, and blasted Trump's global tariffs for risking a recession.
Trump finally suggested hitting the 'crazy' entrepreneur where it hurts, threatening Musk's multibillion-dollar government contracts including for launching rockets and for the use of the Starlink satellite service.
'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' Trump said on Truth Social.
Again Musk fired back, with the SpaceX chief saying he would begin 'decommissioning' his company's Dragon spacecraft -- vital for ferrying NASA astronauts to and from the International Space Station -- in response.
- 'Abomination' -
When the crossfire finally relented after several astonishing hours, Tesla had seen more than $100 billion wiped off the company's value.
Trump and Musk's whirlwind relationship had initially blossomed, with the president backing DOGE's cost-cutting rampage through the US government and the tycoon sleeping over at the White House and traveling on Air Force One.
But the 53-year-old ultimately lasted just four months on the job, becoming increasingly disillusioned with the slow pace of change and clashing with some of Trump's cabinet members.
The two men had however kept tensions over Trump's tax and spending mega-bill relatively civil -- until Musk described the plan, the centerpiece of Trump's domestic policy agenda for his second term, as an 'abomination' because he says it will increase the US deficit.
Washington will now intently watch the fallout from the row.
Musk posted a poll on whether he should form a new political party -- a seismic threat from a man who has signaled he is ready to use his wealth to unseat Republican lawmakers who disagree with him.
Trump ally Steve Bannon -- a vocal opponent of Musk -- meanwhile called for the tycoon to be deported, the New York Times reported.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
16 minutes ago
- The Sun
German industry cuts 100,000 jobs within a year
FRANKFURT: The ongoing economic crisis has cost German industry more than 100,000 jobs within a year, with the country's key automotive sector hit the hardest, according to an analysis by auditing and consulting firm EY shared with German Press Agency (dpa). In the auto sector, around 45,400 jobs were cut on a net basis. By the end of the first quarter, German industry employed 5.46 million people - 1.8 per cent or 101,000 fewer than a year earlier, according to the study, which is based on data from the Federal Statistical Office. Since the pre-coronavirus year of 2019, the number of employees has fallen by a total of 217,000, a decline of 3.8 per cent. In 2018, the industry had reached a record high of around 5.7 million employees. Industrial companies are under immense pressure, said Jan Brorhilker, managing partner at EY. 'Aggressive competitors, particularly from China, are driving down prices, key sales markets are weakening, demand in Europe is stagnating at a low level, and there is significant uncertainty surrounding the entire US market. At the same time, companies are struggling with high costs - for energy and personnel, for example.' There is no end to the job cuts in sight, Brorhilker said. Revenue from German industry has continued to decline slightly after a slump at the beginning of 2024. Brorhilker expects at least 70,000 more industrial jobs to be lost by the end of the year. Companies, particularly in mechanical and automotive engineering, have initiated cost-cutting programmes. 'We will continue to hear a lot of bad news for the time being before things start to improve again.'


New Straits Times
an hour ago
- New Straits Times
The lesson Asean must draw from the Trump-Musk quarrel
THE public spat between President Donald Trump and Elon Musk should be viewed with detached clarity by Asean policymakers and observers. It is neither a signal of a shift in American foreign policy nor does it foreshadow a major realignment in the global tech landscape. In his second term, Trump has doubled down on his view that the US must be ruled not by institutions but by personalities. He has no patience with those who challenge his centrality. Musk, once an object of Trump's admiration, has become a rival personality. The former's influence spans multiple domains — space, artificial intelligence, electric vehicles and digital media. In the eyes of Trump, this influence must be subordinate to political loyalty. Musk's criticism of Trump, whether on policy, personality or principle, has thus drawn an inevitable response. Yet Musk is no innocent bystander. His relentless need to comment, provoke and insert himself into the political arena has increasingly eroded the neutrality that once insulated Tesla and SpaceX from partisan warfare. Since acquiring Twitter — renamed X — Musk has made the platform a personal amplifier of his views, often blurring the line between corporate strategy and personal vendetta. Just as Trump cannot resist attacking, Musk cannot help but respond. The result is a digital 'blood sport'. At a deeper level, Musk's recent provocations may be to deflect attention from his growing troubles. Tesla, long seen as the undisputed champion of electric vehicles, is now steadily losing global market share to China's BYD. Despite Musk's early-mover advantage, the Chinese EV juggernaut has surpassed Tesla in both unit sales and technological innovation, especially in markets across Asia and the Global South. This shift is not just commercial — it is geopolitical. China's industrial policy, from lithium refining to battery standardisation, has enabled firms like BYD to undercut and outpace American competitors. Tesla, by contrast, faces domestic regulatory scrutiny, investor fatigue and inconsistent leadership. Musk, who once rode the wave of futuristic optimism, is now increasingly seen as a mercurial figure whose ventures are overextended and reactive. While American media and pundits obsess about this feud, Asean must resist being distracted. The region is entering a critical decade in which its ability to lead on green transition, artificial intelligence governance and maritime security will define its global role. Whether Musk and Trump call each other names or trade blows on social media is irrelevant to the Asean Outlook on the Indo-Pacific, or to the implementation of the Regional Comprehensive Economic Partnership. Moreover, if there is a lesson to draw from this spectacle, it is the danger of personalising power. Asean's strength has always rested in its ability to temper egos through consensus and consultation. That is not a flaw but a survival mechanism. The bloc should be wary of importing political styles rooted in personality cults, where institutions are hollowed out in favour of personal charisma and performative leadership. Musk and Trump are both creatures of the same American pathology: the belief that individual willpower, when fused with wealth or fame, is enough to override complex systems. But Asean is different. The region's success depends not on dominant personalities but on the patient weaving of trust, rules and interdependence. Ultimately, Asean must tune out the noise. There are far more pressing issues to confront — from resolving the Myanmar crisis and addressing climate-induced migration, to strengthening regional supply chains and ensuring cybersecurity. The Musk-Trump bust-up may dominate headlines in Washington, but it is only a sideshow to the real geopolitical currents shaping Asia's future.

Malay Mail
an hour ago
- Malay Mail
Singapore watching US tariff talks ‘very carefully', says foreign minister
SINGAPORE, June 7 — The United States' evolving tariff regime remains in flux and it will take time before the full picture becomes clear, said Singapore's Foreign Minister Dr Vivian Balakrishnan, following a five-day official visit to Washington. Speaking to The Straits Times, among other Singapore media, via Zoom today, Dr Balakrishnan said ongoing revisions, legal challenges and a likely series of bilateral negotiations with different trade partners mean the eventual shape of American tariffs is still being worked out. His meetings with senior US officials, senators and members of Congress revealed bipartisan agreement in the US on the importance of trade, investment, intellectual property, reliability, and secure supply chains. 'The relationship with the United States is a vital, critical one for Singapore — it spans the entire gamut... the economy, defence, security, and we're also pursuing emerging opportunities in areas like cyber security and energy,' he reportedly said. 'So it's a relationship which needs to be tended to, and attended to carefully.' Singapore and the US reaffirmed their strong bilateral ties during his visit, said Dr Balakrishnan, with both sides committed to deeper cooperation in areas such as defence and critical technologies, according to the Ministry of Foreign Affairs. A key topic during discussions was the impact of US tariffs on global trade, especially for small, open economies like Singapore. 'Any impact on global trade, any friction in the system, will have an impact on an open economy like ours, where our trading volume is three times our GDP,' he reportedly said. Dr Balakrishnan noted the US has a trade surplus with Singapore and should not impose even the baseline 10 per cent tariff. He said sector-specific duties were more concerning and would be closely scrutinised. 'We're still in the early stages of our discussions and negotiations, so let's watch this space,' he added. His visit came as the US trade outlook remains uncertain. President Donald Trump's wide-ranging 'Liberation Day' tariffs, unveiled on April 2, have been paused for 90 days, but on June 4, he signed an order doubling tariffs on steel and aluminium imports from 25 per cent to 50 per cent. Singapore's manufacturing sector has already been feeling the strain. On June 2, purchasing managers' index figures showed a second straight month of contraction in factory activity, reflecting the drag from trade instability. Dr Balakrishnan also noted signs of openness from Washington. In May, Deputy Prime Minister Gan Kim Yong said early talks were under way about ensuring semiconductor supply and potentially zero tariffs on pharmaceutical exports. Asked about challenges in engaging US officials, Dr Balakrishnan said: 'They were very welcoming, courteous... I have no anxiety on that front.' But he warned the global order that underpinned Singapore's success — based on free trade and capital flows — is shifting. 'The anxiety is that the world order that had prevailed for 80 years... is clearly changing, and this period of transition is the time of greatest danger.' Singapore must stay alert and ready to adapt quickly, he said. 'It is also important to interact frequently, candidly, openly and constructively with our interlocutors, and especially with a superpower which is of great strategic importance to us,' he added. Before Washington, Dr Balakrishnan visited London, where he met British Foreign Secretary David Lammy to discuss economic ties, strategic issues and potential cooperation.