• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

by June 7, 2025
written by June 7, 2025
NEWYou can now listen to Fox News articles!

President Donald Trump and SpaceX and Tesla CEO Elon Musk engaged in a public feud Thursday, less than a week after the White House held a farewell press conference for Musk highlighting his contributions spearheading the Department of Government Efficiency (DOGE).

Musk departed his tenure as a special government employee with DOGE May 30, but swiftly launched into criticisms of Trump’s massive tax and spending package dubbed the ‘big, beautiful, bill.’ Tuesday, Musk labeled the measure a ‘disgusting abomination’ because of reports it ramps up the federal deficit.

On Thursday, Trump told reporters in the Oval Office that Musk opposed the bill because it eliminates an electric vehicle tax credit that benefits companies like Tesla. But Trump said that provision has always been part of the measure. 

‘I’m very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people,’ Trump said in the Oval Office in a meeting with German Chancellor Friedrich Merz. ‘He knew everything about it. He had no problem with it. All of a sudden he had a problem, and he only developed the problem when he found out that we’re going to have to cut the EV mandate, because that’s billions and billions of dollars, and it really is unfair.’

Musk immediately responded on X to Trump’s statements, urging a removal of the ‘disgusting pork’ included in the measure. He also said it was ‘false’ that he had been shown the measure ‘even once.’

The two continued to publicly spar against one another, with Musk asserting that Trump wouldn’t have won the 2024 election if it weren’t for his own backing. Meanwhile, Trump accused Musk of going ‘CRAZY’ over cuts to the EV credits, and said that Musk had been ‘wearing thin.’ 

Additionally, Trump told Fox News on Friday that ‘Elon’s totally lost it’ and was not interested in speaking over the phone with Musk, despite media reports suggesting that the two would talk. 

Here’s what also happened this week: 

Visit with the chancellor of Germany

Chancellor of Germany Friedrich Merz met with Trump at the White House Thursday, where the two discussed the war in Ukraine. 

While Merz asserted that the U.S. was in a powerful spot to bring a meaningful end to the conflict between Ukraine and Russia, Trump offered that the world might need to ‘let them fight for a little while.’

‘America is again in a very strong position to do something on this war and ending this war,’ Merz said. 

Merz said that Germany was willing to help however it could, and wanted to discuss options to partner with the U.S. to bring peace. Likewise, Merz suggested that European allies exert additional pressure on Russia to end the conflict. 

But Trump said that he told Putin in a recent call that perhaps both countries would need to feel the consequences of fighting more acutely, claiming he had told Putin ‘maybe you’re going to have to keep fighting and suffering a lot.’

‘Sometimes you see two young children fighting like crazy – they hate each other, and they’re fighting in a park, and you try and pull them apart, they don’t want to be pulled,’ Trump said.  ‘Sometimes you’re better off letting them fight for a while and then pulling them apart.’

Call with Xi

Trump spoke with Chinese President Xi Jinping Thursday to discuss trade negotiations between Washington and Beijing. 

‘I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,’ Trump said Thursday in a Truth Social post. ‘The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries.’

Trump said the conversation had focused ‘almost entirely’ on trade, and that Xi had invited the U.S. president and first lady Melania Trump to visit China. Likewise, Trump reciprocated and invited Xi and his wife, Peng Liyuan, to visit the U.S. 

The call comes nearly a week after Trump condemned China on May 30 for violating an initial trade agreement that the U.S. and China had hashed out in May. And on Wednesday, Trump said Xi was ‘extremely hard to make a deal with’ in a Truth Social post. 

The negotiations from May prompted both countries to agree that the U.S. would lower its tariffs against Chinese imports from 145% to 30%, and China would reduce its tariffs against U.S. imports from 125% to 10%.

Fox News’ Caitlin McFall contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout
next post
House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

related articles

Federal judge to sentence Justice Brett Kavanaugh’s attempted...

October 3, 2025

Hawley blasts FDA approval of new abortion drug,...

October 2, 2025

Trump’s DOGE savings dwarfed by Medicare, Social Security...

October 2, 2025

FLASHBACK: James Comey urged officials to always prosecute...

October 2, 2025

The agency staff Vought might recommend cutting and...

October 2, 2025

Reagan-appointed judge, once rebuked by Supreme Court, continues...

October 2, 2025

‘Real consequences’: Food aid, flood insurance, FEMA funds...

October 2, 2025

Trump must triple severely outdated nuke arsenal to...

October 2, 2025

White House says federal layoffs could hit ‘thousands’...

October 2, 2025

Johnson shuts door on negotiating shutdown deal as...

October 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • SafeMoon and Litecoin: Litecoin tries to stay on new support

    August 27, 2024
  • Trump admin secures pledge from 75% of health insurers in bid to improve patient care

    June 23, 2025
  • Donald Trump fires National Portrait Gallery director for being ‘strong supporter’ of DEI

    May 30, 2025
  • Trump will Make America Healthy Again with an unlikely coalition

    September 15, 2025
  • Senate advances Trump’s pick to lead the US Interior, Doug Burgum

    January 30, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,248)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Republicans dominate airwaves as Harris seeks comeback in polls, but Dems aren’t worried

    July 25, 2024
  • CDC eyes narrower COVID-19 vaccine guidance ahead of 2025–2026 season

    April 15, 2025
  • Oil and natural gas: Oil is moving away from the weekly high

    August 28, 2024

Recent Posts

  • LG Electronics India, CATL, and other major Asian IPOs to watch out for in 2025

    January 6, 2025
  • Graham says Israel has window to ‘replace Hamas forever’ after Sinwar killing: ‘Door is now open’

    October 20, 2024
  • After repeated promises from Biden administration that a cease-fire is close, war in Middle East is escalating

    September 20, 2024

Editor’s Pick

  • How America’s chief consumer-protection agency came into the Trump administration’s crosshairs

    February 13, 2025
  • Trump’s 24th week set to focus on ‘big, beautiful bill’ passage ahead of Independence Day deadline

    June 30, 2025
  • New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock