[SEKYFAN]

Mark Cuban delivers a shocking take on Donald Trump's trade war.

https://www.msn.com/en-us/money/markets/...2bf8&ei=23


“I’m going to put my rich guy hat on and say I hope that Mexico and Canada issue equal, retaliatory tariffs and stick to them for an extended period.”
In the same post, Cuban acknowledged that such a measure would indeed negatively impact many people, but stressed the importance of seeing the bigger picture. “It's the only way for tariffs to be seen for what they are,” he added.
As part of the thread, Cuban commented and predicted that despite what he hoped would happen, both countries would likely follow Colombia’s example and quickly reach an agreement with Trump, enabling him to claim victory despite little change.


In September 2024, Trump threatened to levy a 200% tariff against John Deere DE if the farm equipment manufacturer moved its operations to Mexico. Cuban quickly hit back in a social media post, calling Trump out for his lack of business understanding.
As he highlighted, imposing higher tariffs on a prominent U.S. manufacturer than its Chinese rivals did would likely lead to products from John Deere’s competitors being sold in the U.S. for less.

“Good way to destroy a legendary American company and increase costs to American buyers," he noted, adding that there is substantial evidence that tariffs are inflationary.