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Not everyone shares Musk’s enthusiasm, though. Billionaire entrepreneur Mark Cuban quickly responded with sarcasm: “Because cratering the economy for a few years will be a blast!” Cuban's tweet highlighted his skepticism about Trump's economic proposals – and Musk's enthusiasm for them.

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Trump wants to impose a 20% tariff on all imported goods, with an even steeper 60% tariff on goods coming from China. Trump says this will boost American production, but many economists worry that these tariffs will push prices up, hurting consumers directly. 

Musk has also said he plans to review government expenditures “one item at a time,” with no exceptions or special cases, targeting what he described as “waste” in government spending. Apparently, his goal is to make the government more efficient, even if that means some short-term pain – “Everyone's going to have to take a haircut. … We can't be a wastrel. … We need to live honestly.”

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Last week, Musk also responded to an X user who suggested that “markets will tumble” if Trump’s plan is implemented, though they speculated that a more resilient economy could emerge after stability is restored. 

The user tweeted that if Trump and Musk succeed in pushing through mass deportations, cutting government spending and reducing the deficit, the economy – currently propped up with debt and artificially suppressed wages – would face an initial severe downturn. However, they predicted that the U.S. could see a healthier, sustainable economy once the dust settles. 

Even though Musk replied simply, “Sounds about right,” social media users saw this as a confirmation of his previous comments about “temporary hardship” for Americans.

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