Elon Musk regrets some Trump posts, says they “went too far”
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:
U.S.-CHINA TRADE:
President Donald Trump stated in a post to Truth Social, “OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!”
MUSK-TRUMP SPAT: Tesla (TSLA) CEO Elon Musk said via X, “I regret some of my posts about President @realDonaldTrump last week. They went too far.”
U.S.-MEXICO TRADE:
The U.S. and Mexico are close to a deal that would remove President Trump’s 50%tariffs on steel imports up to a certain volume, Joe Deaux and Eric Martin of Bloomberg report, citing people familiar with the matter. Trump hasn’t been directly involved in the negotiations and would need to sign off on any deal, Bloomberg added. The talks are being led by Commerce Secretary Howard Lutnick, sources told Bloomberg. The agreement, which hasn’t been finalized, would allow U.S. buyers to import Mexican steel duty-free as long as they kept total shipments below a level based on historical trade volumes, according to the people. The new cap would be higher than what was allowed under a similar deal during Trump’s first term, the sources added. Publicly traded companies in the steel space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X).
POWER-PLANT POLLUTION CURBS:
President Donald Trump plans to propose dropping Biden-era climate mandates requiring U.S. power plants to curb greenhouse gas emissions as soon as Wednesday, Bloomberg’s Ari Natter and Jennifer Dlouhy report, citing people familiar with the matter. The EPA is also slated tot proceed with a plan for unwinding limits on mercury and other toxic air pollution from said plants, the authors note. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Arch Resources (ARCH), Consol Energy (CEIX) and Peabody Energy (BTU). Publicly traded companies in the energy utility space include NextEra (NEE), Eversource (ES), WEC Energy (WEC), Edison (EIX), DTE Energy (DTE), PSEG (PEG), Exelon (EXC), Ameren (AEE), Sempra (SRE), PG&E (PCG), and Xcel (XEL).
—
Originally Posted June 11, 2025 – Trump Trade: U.S. President says China getting 10% tariffs in ‘done’ deal
Disclosure: Interactive Brokers Third Party
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from The Fly and is being posted with its permission. The views expressed in this material are solely those of the author and/or The Fly and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Join The Conversation
If you have a general question, it may already be covered in our FAQs page. go to: IBKR Ireland FAQs or IBKR U.K. FAQs. If you have an account-specific question or concern, please reach out to Client Services: IBKR Ireland or IBKR U.K..
Visit IBKR U.K. Open an IBKR U.K. Account