The new President of the United States, Donald Trump, has just offered Elon Musk a prominent place in his government.
At the beginning of the week, Donald Trump formalized the arrival of Elon Musk in sa future administration. Here is what position the Tesla boss will have and in which ministry.
Elon Musk will co-lead a new ministry!
It was an astonishing association during the American countryside presidential election, Donald Trump and Elon Musk never leave. Indeed, the new president of the United States has just number the CEO of Tesla in a fairly important position in his new administration.
Donald Trump made the news official in a press release that was eloquent to say the least: “The Great Elon Musk will co-lead the Department of Government Effectiveness”. Musk will not alone in this task.
Indeed, Trump nominated another billionaire, namely Vivek Ramaswamy. Elon Musk’s job will be to fight against the bureaucracy and cut into les budgets of the federal government.
Donald Trump expects these two men to send “shock waves in the system. Together, these two great Americans will chart the course for my administration to dismantle government bureaucracy, slash excessive regulations, cut wasteful spending, and restructure federal agencies.” The message is clear.
European manufacturers are worried
Why does the situation in the United States worry European manufacturers? Honestly, it’s quite simple. On the one hand, the situation around the automobile industry in Europe is delicate.
This is why, several big names closing factories like Volkswagen and Michelin. Others could follow like Stellantis, for example. In addition to these difficulties, it will be necessary, from January 2025count on the Donald Trump threat.
This is what Sébastien Jean, Professor of Economics, explains to our colleagues at Radio France: “The American market was the breath of fresh air in these difficult times. Sales were dynamic. With the arrival of Donald Trump, this will change. For example, he announced that he was going to put customs duties on all imports.
Furthermore, this situation should benefit to China which is eyeing the European market. Especially since the American market will be impossible to enter for Chinese manufacturersin view of the liabilities between Trump and China and the customs duties reaching the 100%.
Enough to push Chinese manufacturers to intensifier their establishment in Europe, despite the recent surcharge on electric models.
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