According to a report by The Washington Post on April 7 local time, two sources said that over the past weekend, Musk, head of the U.S. "Government Effectiveness Department" (DOGE), directly appealed to U.S. President Trump to rescind the new tariff policy. The report stated that Musk's attempt ultimately failed.
On local time April 7, Trump said he would not suspend the so-called "reciprocal tariff" policy.
According to CBS News, Trump told reporters after meeting with Israeli Prime Minister Netanyahu at the White House that he would not consider suspending the tariff policy, adding that "many many countries are coming to negotiate agreements with us, and these agreements will be fair."
In the sharp decline of U.S. stocks on April 3 and 4, the market value of the seven major U.S. tech stocks evaporated by 1.6 trillion U.S. dollars, and the wealth of tech tycoons also plummeted significantly. According to Bloomberg's billionaire ranking data on April 6, Musk's net worth has decreased by more than 30 billion U.S. dollars in the past two days, while the net worth of Amazon founder Bezos, ranked second on the global richest list, and Meta founder Zuckerberg, ranked third, decreased by 23.5 billion U.S. dollars and 27.3 billion U.S. dollars respectively. The combined net worth of the top three richest people in the world has decreased by more than 80 billion U.S. dollars in the past two days.
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