MARY BRUCE: Trump today dismissing the concerns of many Americans deeply unsettled by his new trade war but he expressed support and compassion for Elon Musk, the richest man in the world, whose Tesla stock has tanked 39% so far this year, Musk’s company losing about $700 billion in market value. The president today inviting Musk to pitch his luxury cars on the White House lawn, announcing he's buying one himself.
DONALD TRUMP: What's your best of these cars? What do you think?
ELON MUSK: Well the car that I drive is the Model S Plaid.
TRUMP: Which is that one?
MUSK: That red one in the middle.
TRUMP: I like that. Yeah.
MUSK: Yeah.
BRUCE: But while Trump was boosting Musk at The White House, on Main Street many American small businesses now bracing for the next phase in the president's trade war.