After Trump's deportation threat, Musk gets love from China, backs Tesla CEO's bold move to start his own party
Donald Trump and Elon Musk's Feud Sparks Over 'Big, Beautiful Bill'
The tension between both of them erupted over Trump's controversial 'One Big, Beautiful Bill,' which Musk fiercely criticized for ballooning the national debt by an estimated $5 trillion, as per Benzinga report. While the US president criticised Musk, saying that without subsidies, Musk would have to "have to close up shop and head back home to South Africa" in his social media site Truth Social, as per the report.
The Tesla CEO had warned that if the Senate passed the bill, he would consider founding his own political party, called the 'American Party', according to the report.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The Most Gorgeous Female Athletes Ranked. But Did We Get It Right?
WomenSportOnline.com
Click Here
Undo
ALSO READ:
Panic in the sky: American Airlines flight diverted after passenger triggers alarm — what we know
Elon Musk Finds Fans in China
Musk's bold statement gained traction on China's popular social platform Weibo, often dubbed the country's version of X (previously Twitter), users have been vocally siding with him for his stance against Trump, as per the Benzinga report.
Live Events
According to the report, the hashtag #MuskWantsToBuildAnAmericaParty is viral on the X's Chinese counterpart. With many users posting in Musk's support on Weibo, one user said that, "Brother Musk, you've got over a billion people on our side backing you," as quoted by Benzinga in its report. One more user wrote that, "When you've had enough, there's no need to keep putting up with it," as quoted in the report.
ALSO READ:
Will Trump's economic policies mirror Nixon's impact on the US Dollar's global dominance?
A few Weibo users even offered deeper insights into what it could mean if Musk were to actually enter politics, as one user said that, "If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching," as quoted by Benzinga in its report.
ALSO READ:
4th of July 2025 store hours: What's open, what's closed, and where to shop
FAQs
Why are Elon Musk and Donald Trump fighting?
They clashed over Trump's massive spending bill, which Musk says would add $5 trillion in national debt.
What did Musk say about starting a political party?
He said if the bill passes, he might form his own party — the 'American Party.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
16 minutes ago
- Hindustan Times
Delhi man held for ₹2 crore cyber fraud, links with Chinese-linked syndicate
Gurugram: Faridabad police arrested a 39-year-old Delhi resident, who runs a hotel and nightclub in Dubai, for allegedly orchestrating a ₹2.02 crore cyber fraud in collaboration with a Chinese-linked syndicate, officials said on Friday. Faridabad police arrested a 39-year-old Delhi resident, who runs a hotel and nightclub in Dubai, for a ₹ 2.02 crore cyber fraud. (Getty Images) Bhupesh Arora, originally from Karnal and currently residing in northwest Delhi's Rohini Sector 11, operates a four-star hotel and eight nightclubs in Dubai, police said, adding that he was taken into custody on Wednesday upon returning to India and is now on a four-day police remand. According to investigators, Arora and his business partner, also based in Dubai, ran a cyber fraud operation alongside their hospitality ventures. The duo facilitated illegal fund transfers from India to Dubai using payment gateways, later converting the funds into cryptocurrencies and handing them over to Chinese handlers after deducting a commission. Police said Arora was compelled to return to India 20 days back on the directions of the Punjab and Haryana high court. Faridabad police had got a lookout circular issued for him against which he had moved the high court. Though the court had quashed the circular, it had directed him to come to India and cooperate with the Faridabad police by joining the investigation of the case. Yashpal Yadav, Faridabad Police PRO, said investigators traced Arora through a payment gateway account linked to him, into which ₹2.8 lakh of the duped money was transferred. 'This payment gateway helped us identify Arora. The bank account holder couldn't be traced and may have been created fraudulently,' he said. Arora allegedly retained 30% of the proceeds, with the remaining 70% going to his Dubai-based partner, who liaised directly with the Chinese network, Yadav said. Arora is the 12th person arrested in this case. Police are now pursuing his business partner and three others. 'We will issue an LOC against his partner so he can be arrested on arrival in India,' said Yadav. The victim, whose name police have witheld, a 51-year-old man from Sector 88 in Faridabad, was duped in January 2024 after falling for a fake investment scheme promoted through social media ads. Believing he was investing in stock markets, he transferred ₹2.02 crore to 11 different bank accounts. A case was registered at the Cybercrime Police Station (Central), and police have so far recovered ₹60 lakh, which was returned to the victim. The remaining amount, officers said, had already been siphoned abroad.
Hindustan Times
21 minutes ago
- Hindustan Times
From Macy's to JCPenney: Here are the stores set to shut down in July
Multiple popular retail chains such in the US have announced plans to shut down stores across the country. The retail chains that have already announced store closures include Macy's, JCPenney, CVS and Footlocker. Although many chains haven't provided the exact date of shutting down each specific store, users can go online on the company's website to check the status of their local store. Representational image.(Unsplash) Macy's In a press release issued in January 2025, Macy's revealed details of 66 of the 150 stores it plans to shut by the end of January 2026. This move is part of a plan which 'is designed to return the company to sustainable, profitable sales growth.' Stores in New York, Florida, Arizona and California, among others, were part of the target list. JCPenney After filing for bankruptcy five years ago, a JCPenney spokesperson revealed that they will be shutting down eight locations this year as part of the bankruptcy protection deal. Here is the full list of the stores that are scheduled to shut down sometime this year: The Shops at Tanforan in San Bruno, California The Shops At Northfield in Denver, Colorado Pine Ridge Mall in Pocatello, Idaho West Ridge Mall in Topeka, Kansas Westfield Annapolis Mall in Annapolis, Maryland Fox Run Mall in Newington, New Hampshire Asheville Mall in Asheville, North Carolina Charleston Town Center in Charleston, West Virginia Also read: Musk hints at 3rd party after 'Big Beautiful Bill' passes. Here's what Tesla CEO posted At Home The popular home décor chain announced in mid-June that it would be shutting down about 200 locations after it filed for Chapter 11 bankruptcy protection. CEO of the company, Brad Weston, said in a statement that they are 'operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs'. The company has revealed details of the 26 locations it plans to shut down by September 2025. CVS CVS, the popular drug store chain, is in the process of shutting down hundreds of stores across the country this year. 'As we first announced in November 2021, we're realigning our retail footprint, reducing store density and optimizing our existing stores and pharmacies,' a CVS spokesperson shared in a statement. 'We closed 900 stores between 2022 and 2024, and are planning to close an additional 270 stores in 2025." The company hasn't officially released a list of locations that will be closed. Rite Aid As part of its bankruptcy filings, Rite Aid will be shutting down an additional 123 stores apart from the 1,047 stores previously announced. The statement came on June 28. Last month, Rite Aid filed for bankruptcy for a second time to pursue 'a strategic and value-maximizing sale process for substantially all of its assets.' Also read: Trump signs his landmark 'Big Beautiful Bill' amid July 4 pomp, fireworks at White House Foot Locker Back in 2023, Foot Locker revealed plans to shut down approximately 400 stores by 2026 after reporting a sales decline of 0.3% in the fourth quarter, as revealed by Retail Dive. CEO Mary Dillon had spoken of the 'lace up' strategy, which included efforts to simplify business and invest in other areas. Specific details can be looked up on the company's official website using the 'Find a Store' tab. Joann FOX40 reveals that the popular fabric and craft company, Joann, filed for Chapter 11 bankruptcy for the second time in January of this year. A month later, the company announced that it would be shutting all 800 store locations in the US. By Stuti Gupta
The Hindu
38 minutes ago
- The Hindu
BRICS nations to denounce Trump tariffs
BRICS leaders meeting in Rio de Janeiro from Sunday (July 6, 2025) are expected to decry Donald Trump's hardline trade policies but are struggling to bridge divides over crises roiling the Middle East. Emerging nations representing about half the world's population and 40% of global economic output are set to unite over what they see as unfair U.S. import tariffs, according to sources familiar with summit negotiations. Since coming to office in January, Mr. Trump has threatened allies and rivals alike with a slew of punitive tariffs. His latest salvo comes in the form of letters due to be sent starting Friday (July 4, 2025) informing trading partners of new tariff rates expected next week on July 9. Diplomats from 11 emerging nations, including Brazil, Russia, India, China and South Africa, have been busy drafting a statement condemning the economic uncertainty. Any final summit declaration is not expected to mention the United States or its president by name. But it is expected to be a clear political shot directed at Washington. 'We're anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration,' Marta Fernandez, director of the BRICS Policy Center at Rio's Pontifical Catholic University said. This is particularly the case for China, which has only recently negotiated with the U.S. to lower steep tit-for-tat levies. 'This doesn't seem to be the right time to provoke further friction' between the world's two leading economies, Ms. Fernandez said. Xi no show Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to Western power. But the summit's political punch will be depleted by the absence of China's Xi Jinping, who is skipping the annual meeting for the first time in his 12 years as president. 'I expect there will be speculation about the reasons for Mr. Xi's absence,' said Ryan Mr. Hass, a former China director at the U.S. National Security Council who is now with the Brookings Institution think tank. 'The simplest explanation may hold the most explanatory power. Mr. Xi recently hosted Mr. Lula in Beijing,' said Mr. Hass. The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin. Mr. Hass said Mr. Putin's non-attendance and the fact that India's prime minister will be a guest of honour in Brazil could also be factors in Mr. Xi's absence. 'Mr. Xi does not want to appear upstaged by PM Modi,' who will receive a state lunch, he said. 'I expect Mr. Xi's decision to delegate attendance to Premier Li (Qiang) rests amidst these factors,' he added Still, the Mr. Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage. In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year, in which he is expected to run. Middle path Iran's President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel is also skipping the meeting. A source familiar with the negotiations said the BRICS countries were still in disagreement over how to respond to the wars in Gaza and between Iran and Israel. Iranian negotiators are pushing for a tougher collective stance that goes beyond referencing the need for the creation of a Palestinian state and for disputes to be resolved peacefully. Artificial intelligence and health will also be on the agenda at the summit. Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, by Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia and Indonesia. Analysts say that it has given the grouping more potential international punch. But it has also opened many new fault lines. Brazil hopes that countries can take a common stand at the summit, including on the most sensitive issues. 'BRICS (countries), throughout their history, have managed to speak with one voice on major international issues, and there's no reason why that shouldn't be the case this time on the subject of the Middle East,' Brazil's Foreign Minister Mauro Vieira told AFP.
