Musk’s ‘America Party’, called ‘ridiculous’ by Trump, could threaten Republican majorities in 2026 by attracting disaffected independents and young voters.

Musk said he wants to form the America Party. A third party has never won the presidency, but they have influenced elections, experts say — mostly as spoilers.

Trump renewed his threat to hit major trading partners, sending stock markets tumbling. But some investors have a glimmer of ...