Pakistan, July 6 -- Elon Musk has officially launched a new political movement called the "America Party," marking a dramatic break from U.S. President Donald Trump. Musk announced the move on his social platform X, declaring the new party aims to "give you back your freedom." The billionaire made the announcement just a day after criticizing Trump's newly signed tax and spending bill.

Musk, who was once a key financial supporter of Trump's re-election, had openly opposed the bill, warning it would deepen the national deficit. He said the legislation, described by Trump as "big and beautiful," would drive America toward bankruptcy. His frustration with both major parties led him to call the current system a "one-party state fueled by was...