Mark Cuban has a message for America among President Donald Trump’s pricing disorders.
“Elections have consequences,” Cuban wrote in an article on Bluesky on Wednesday morning. The Cuban position came before Trump would be addressed at his reciprocal prices on more than 180 countries for 90 days.
Cuban also criticized Trump’s prices a few hours before the return.
“What some people do not take into account their analysis is the reality that companies bought tons of inventory to beat the prices,” Cuban on Bluesky wrote.
“This is money taken to be able to invest or hire,” wrote Cuban, adding that prices have probably led to job reduction to reduce costs.
The “Chark Tank” company was commented on Trump’s prices in recent weeks.
Shortly after Trump announced his planned prices, Cuban told his disciples on Bluesky that people should “buy a lot of consumables now”.
“Even if it is made in the United States, they will increase the price and blame it on the prices,” wrote Cuban.
Cuban said on Saturday that the impact of Trump’s prices on the economy could be worse than the 2008 global financial crisis.
“If the new prices remain in place for several years and are applied and inflationist, and Doge continues to cut and shoot, we will be in a very worse than 2008 situation,” wrote Cuban on Bluesky.
Cuban also published, then deleted, an article on X Sunday evening in which he told investors not to sell their shares in the middle of the market turmoil.
He then put the advice by saying: “I decided to delete the last post where I gave my reflections on the market. Like other people rightly, nobody knows. You have to look at your own circumstances and talk to those whose advice you appreciate.”
Trump announced on April 2 that he would impose radical prices on 185 countries. The measures, which Trump described as “Liberation Day” rates, will strike both the American rivals and the main allies in Europe and Asia.
A reference rate of 10% entered into force on April 5, while a higher set of rate rates that varied according to the country entered into force on Wednesday.
Trump’s prices had a devastating effect on the markets, scary investors and triggering a massive sale. Asian markets jumped Thursday after Trump announced that he was taking a break in all the higher prices for 90 days, although the reference rate of 10% remains.
The break does not apply to China, however. China was initially slapped with a rate of 34%, but this was then increased by an additional 50% on Tuesday. This is in addition to the tariff of 20% than Trump that Trump imposed last month – bringing the total to 104%.
But these prices were noted on Wednesday when Trump said that he increased his prices on China to 125%. China had increased its prices on American products to 84% Wednesday in response to the 104% tariffs of the United States on Tuesday evening, and.
“At one point, hopefully in the near future, China will realize that the days of tearing from the United States and other countries, is no longer sustainable or acceptable,” Trump wrote in a social article on Truth on Wednesday.
Admittedly, Cuban has long been critical of Trump and his prices. The billionaire approved Vice-President Kamala Harris in the presidential election last year and qualified him as a “pro-company” candidate.
In September, Cuban criticized Trump’s call for a 200% rate on John Deere if the agricultural equipment company has moved in Mexico.
“This lack of understanding of business is crazy,” Cuban wrote in an X post at the time, adding that such a decision would only make Chinese products relatively cheaper for sale.
“A good way to destroy a legendary American company and increase costs for American buyers,” added Cuban.
Cuban and the White House did not respond to requests for comments from Business Insider.
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