Mark Cuban: Trump’s prices will affect this class of people the most

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The prices have been at the front and at the center of the second Trump administration, and so far, they have coincided with great economic anxiety, as with the recent correction of the stock market.

But it is not necessarily rich investors who will be the hardest affected by prices. Instead, low -income Americans will be most injured by prices, according to entrepreneur Mark Cuban.

Here are more details on what Cuban said about who will be the most injured by the prices.

Prices could create winners and losers among taxpayers

In a recent article on X, Cuban responded to an “all-in” podcast position, where US trade secretary Howard Lunick explained how the administration considers the prices. According to LUTNIK, if the United States had to put a price on an article like a mango, which cannot be cultivated in the United States on a widespread basis, which effectively makes a tax on consumption.

However, as Lutnik said, this is not the objective of the administration. He explained that the administration wanted to put prices on the articles that will encourage companies to rehorare, rather than offshore, manufacturing, which could increase American jobs. Meanwhile, for elements that continue to import and initiate prices, these income could be used to reduce income taxes.

However, some are skeptical as to the fact that it will be the result of prices. “The Trump administration’s prices work both as a consumption tax and a reshaping strategy. However, one cannot ignore how President Trump considers prices as a critical revenue source for the federal government,” said George Carrillo, co-founder and CEO of the Hispanic Construction Council.

This means that prices could create winners and losers among taxpayers.

As Cuban said, the greatest losers will be the “poorest people” who make less than the standard deduction – $ 15,000 for unique statements and $ 30,000 for joint declarants in 2025. Because they do not earn enough to pay income taxes (but still do not pay taxes on social security, sales taxes, etc.), they do not benefit from Cuban, Prices for reducing income tax rates.

Meanwhile, Cuban explained, these low -income people will always face the difficulty of paying more for essential elements, such as food and clothes, following prices.

“While the administration promises that the prices are designed to encourage relocation, the immediate effect is a regressive tax system which punishes the least capable of allowing the rise in imported products, of essential clothes to produce, are inevitable purchases for many families, which makes it impossible to escape these price increases,” said Carillo. “Although reshaping in industries such as automotive manufacturing can bring jobs back, long -term benefits must face short -term damage to the wider population.”

Large vs strategic prices

While Cuban said that low -income workers will be most affected by Trump’s prices, this does not mean that it is fully against prices.

In a recent interview with Tara Palmeri, Cuban noted that strategic rates can be beneficial. For example, if China subsidizes its steel industry and prices can encourage more American-based steel manufacturing, this could argue as more and more people are hired at the national level, he said. However, it is the general rates that can be damaging.

An example would be the own company of Cuban, cost more Drugs, which, according to him, should pass on tariff costs to consumers. The company aims to provide affordable prescription drugs by invoicing only 15%. He supplies in certain drugs from India, so if he faced a 25%rate, for example, he would lose money with each order, said Cuban. Thus, consumers should pay prices in the higher price form.

It remains to be seen what will be the full impact of these prices for consumers, but as Cuban published on Bluesky on April 2, it is best to be prepared. He advised consumers to fill up on consumables in the event of higher prices due to prices.

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