In an interview with NBC News, the president also said he assumes his relationship with the tech billionaire is over following their recent falling out.

Musk ratcheted up his rhetoric against the legislation this week, branding it a “disgusting abomination” before attacking Trump directly, calling for him to be impeached, threatening to start a rival party, and suggesting he had links with the disgraced financier and child trafficker Jeffrey Epstein.

As tensions escalate between President Donald Trump and Elon Musk, the Tesla CEO warned that Trump’s "big, beautiful bill" will trigger an economic recession. It comes as the Congressional Budget Office reports that Trump's tariffs plan would reduce the deficit but shrink the economy.