How Trump’s return affects business: Elon Musk, tariffs and more

Elon Musk Donald Trump

Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former US president Donald Trump looks on during a rally at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, US, October 5, 2024. 

Photo credit: Reuters

Donald Trump’s return to the White House after winning the November 5 US presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch:

What role will Elon Musk play? 

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Note: The results are not exact but very close to the actual.