While addressing the rally in support of Democratic Presidential Candidate Kamala Harris, Billionaire and Shark Tank Judge Mark Cuban Cuban criticized Trump’s idea of placing a 60% tariff on all imports from China, arguing that it would hurt everyday Americans.
“Trump has this idea that a 60% tariff on everything we import from China is somehow a good thing,” Cuban said. “He thinks China will pay for it, but really, it’s American consumers who will feel the impact. It’s the same kind of thinking behind his promise that Mexico would pay for the wall.”
Cuban pointed out that many products Americans rely on are made in China, from toys to clothing and electronics. He warned that a significant price increase could hit consumers, especially around the holiday season.
“If these tariffs happen, we’re looking at prices jumping 50 to 60% on the stuff we buy for family and friends. That’s going to make a difference in how people spend, especially during Christmas,” Cuban added.
