Musk says ‘America Party' is formed in US
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Al Arabiya
an hour ago
- Al Arabiya
Elon Musk announces forming of ‘America Party' in further break from Trump
The tattered bromance between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's 'big, beautiful' tax bill would bankrupt America. A day after asking his followers on his X platform whether a new US political party should be created, Musk declared in a post on Saturday that 'Today, the America Party is formed to give you back your freedom.' 'By a factor of 2 to 1, you want a new political party and you shall have it!' he wrote. By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom. — Elon Musk (@elonmusk) July 5, 2025 The announcement from Musk comes after Trump signed his self-styled 'big, beautiful' tax-cut and spending bill into law on Friday, which Musk fiercely opposed. Musk, who became the word's richest man thanks to his Tesla car company and his SpaceX satellite firm, spent hundreds of millions on Trump's re-election and led the Department of Government Efficiency from the start of the president's second term aimed at slashing government spending. The two have since fallen out spectacularly over disagreements about the bill. Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill. Trump earlier this week threatened to cut off the billions of dollars in subsidies that Musk's companies receive from the federal government. Republicans have expressed concern that Musk's on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections. Asked on X what was the one thing that made him go from loving Trump to attacking him, Musk said: 'Increasing the deficit from an already insane $2T under Biden to $2.5T. This will bankrupt the country.' He referenced the growth of Greece from subjugation to preeminence in the ancient world in another tweet, saying: 'The way we're going to crack the uniparty system is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra: Extremely concentrated force at a precise location on the battlefield.' There was no immediate comment from Trump or the White House on Musk's announcement. The feud with Trump, often described as one between the world's richest man and the world's most powerful, has led to several precipitous falls in Tesla's share price. The stock soared after Trump's November reelection and hit a high of more than $488 in December, before losing more than half of its value in April and closing last week out at $315.35. Despite Musk's deep pockets, breaking the Republican-Democratic duopoly will be a tall order, given that it has dominated American political life for more than 160 years, while Trump's approval ratings in polls in his second term have generally held firm above 40 percent, despite often divisive policies.
Al Arabiya
3 hours ago
- Al Arabiya
FIFA Cuts Ticket Price to $13.40 for Club World Cup Semifinal Between Chelsea and Fluminense
FIFA cut standard ticket prices for the semifinal between Chelsea and Fluminense at MetLife Stadium in East Rutherford, New Jersey, on Tuesday to $13.40 from $473.90 earlier in the past week. FIFA has used dynamic pricing for the 63-game tournament. Standard ticket prices for Wednesday's semifinal between European champion Paris Saint-Germain and Real Madrid in New Jersey start at $199.60. FIFA had dropped ticket prices to $11.15 for a quarterfinal in Orlando, Florida, between Fluminense and Al-Hilal, and in Philadelphia between Chelsea and Palmeiras. The dramatic drop in prices was first reported by The Athletic. Many matches during the tournament have had sparse crowds. Real Madrid has been an exception, drawing at least 60,000 for all five of its matches, including 76,611 for its quarterfinal win Saturday over Borussia Dortmund in New Jersey.
Arab News
4 hours ago
- Arab News
Trump says he didn't know an offensive term he used in a speech is considered antisemitic
WASHINGTON: President Donald Trump says he didn't know the term 'shylock' is considered antisemitic when he used it in a speech to describe unscrupulous moneylenders. Trump told reporters early Friday after returning from an event in Iowa that he had 'never heard it that way' and 'never heard that' the term was considered an offensive stereotype about Jews. Shylock refers to the villainous Jewish moneylender in Shakespeare's 'The Merchant of Venice' who demands a pound of flesh from a debtor. The Anti-Defamation League, which works to combat antisemitism, said in a statement that the term 'evokes a centuries-old antisemitic trope about Jews and greed that is extremely offensive and dangerous. President Trump's use of the term is very troubling and irresponsible.' Democrat Joe Biden, while vice president, said in 2014 that he had made a 'poor choice' of words a day after he used the term in remarks to a legal aid group. Trump's administration has made cracking down on antisemitism a priority. His administration said it is screening for antisemitic activity when granting immigration benefits and its fight with Harvard University has centered on allegations from the White House that the school has tolerated antisemitism. But the Republican president has also had a history of playing on stereotypes about Jewish people. He told the Republican Jewish Coalition in 2015 that 'you want to control your politicians' and suggested the audience used money to exert control. Before he kicked off his 2024 presidential campaign, Trump drew widespread criticism for dining at his Florida club with a Holocaust-denying white nationalist. Last year, Trump made repeated comments accusing Jewish Americans who identify as Democrats of disloyalty because of the Democratic leaders' criticisms of Israeli Prime Minister Benjamin Netanyahu. Critics said it perpetuated an antisemitic trope about Jews having divided loyalties and there being only one right way to be Jewish. On Thursday night in his speech in Iowa, Trump used the term while talking about his signature legislation that was passed by Congress earlier in the day. 'No death tax, no estate tax, no going to the banks and borrowing some from, in some cases, a fine banker and in some cases shylocks and bad people,' he said. When a reporter later asked about the word's antisemitic association and his intent, Trump said; 'No, I've never heard it that way. To me, a shylock is somebody that's a money lender at high rates. I've never heard it that way. You view it differently than me. I've never heard that.' The Anti-Defamation League said Trump's use of the word 'underscores how lies and conspiracies about Jews remain deeply entrenched in our country. Words from our leaders matter and we expect more from the President of the United States.'
