What’s behind Trump & Musk’s public feud?

Elon Musk and President Donald’s Trump’s White House bromance imploded in spectacular fashion last week in a feud that played out in full view of the public, with the two billionaires trading insults in real-time on social media. That fight appears to be cooling down, at least for now, but President Trump has made it clear he has no intention of mending the relationship any time soon. On a special edition of GZERO World, Semafor Co-Founder and Editor-in-Chief Ben Smith joins Ian Bremmer to discuss what led to the breakup and where the Trump administration’s relationship with Silicon Valley goes from here.

There’s a lot at stake: for Trump, Musk’s political funding ahead of the 2026 midterms; for Musk, billions in government contracts and subsidies for his companies. Smith and Bremmer discuss Trump and Musk’s alliance of convenience, where it all broke down, the role of political journalism in covering such a public conflict, and who ultimately has the upper hand in the battle between political leaders and tech oligarchs.

“[President] Trump's power to reward his friends and punish his enemies in the very short term, in very consequential and permanent ways is totally unprecedented,” Smith says, “Business leaders, civil society and the media can be intimidated and Trump knows it. He usually wins that game of chicken.”