Trump has threatened to place a 25 percent tariff on imports from Canada and Mexico, as well as a 10 percent additional tariff on all imports from China. Energy resources from Canada will have a lower 10 percent tariff.

Elon Musk is the richest man in the world and recently became one of the most powerful. However, his net worth has dropped by $18 billion this year, according to the Bloomberg billionaire list. That leaves him at $414 billion,