Elon Musk: “Tariffs always affect things a little bit.”

“I noticed that all of your businesses involve a lot of components, a lot of parts. Do the tariffs and the trade wars affect any of this? You know, Tariffs always affect things a little bit. Wondering what your thought is on the ban on foreign students, the proposal. I mean, you were one of those kids, right? Yeah.” (00:08–00:11)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.