Billionaire Mark Cuban commented on a potential proposal by President Trump to impose a 20% import tax to help subsidize a border wall.
Billionaire entrepreneur Mark Cuban is warning that President Trump could incite a trade war with Mexico that could hurt U.S. businesses.
On Thursday, White House press secretary Sean Spicer told reporters that Trump has suggested imposing a 20% tax on goods imported from Mexico as a means of paying for the border wall.
Following that report, Cuban tweeted, “Will a trade war with Mexico escalate to the point where US owned, Mexico based plants and facilities are at risk ?”
When someone asked, “who do you care about more? American Workers or Mexican Workers?” Cuban wrote back, “As America goes, so goes the global economy. [POTUS] cutting off our economic nose to spite our face is bad for every American.”
He then tweeted, “[POTUS] should reduce Corp taxes and paperwork, as he promised, and get out of the way. America knows how to do business.”
