Tesla CEO Elon Musk has been a harsh critic of President Donald Trump's spending bill. Trump said Musk had "gone off the rails."

Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

President Trump has raised the possibility of new tariffs on other countries if trade deals are not reached by the White House's deadline. It comes as the president criticizes Elon Musk’s announcement of a new political party.