Mark Cuban joined plenty of critics who mocked Donald Trump on Saturday after the Republican presidential nominee’s false declare that imposing tariffs doesn’t “have an effect on our nation.”
The previous president, in a meandering speech at a marketing campaign rally, pledged to impose tariffs on foreign-made merchandise from China and different international locations so as to convey jobs “again house” in an effort to absorb “billions and billions of {dollars}.”
“A tariff is a tax on a overseas nation, that’s the way in which it’s, whether or not you prefer it or not. Lots of people wish to say, ‘Oh, it’s a tax on us.’ No, no, no,” Trump informed the gang on the rally in Wilkes-Barre, Pennsylvania, on Saturday.
He later added, “It’s a tax on a rustic that’s ripping us off and stealing our jobs. And it’s a tax that doesn’t have an effect on our nation.”
Trump has previously pushed the false claim on tariffs regardless of multiple media outlets noting that American customers and industries have bore a lot of the price of Trump’s tariffs.
A number of economists recently told Newsweek that his tariff proposal would elevate costs for U.S. customers and that such a plan would damage American corporations as nicely.
Cuban, a billionaire and frequent Trump critic, took to social media to query the previous president’s tariff declare.
“Any importers need to clarify how they take care of tariffs on say meals or agricultural merchandise ?” he wrote on X, previously known as Twitter.
Robert Shrum, director of the College of Southern California Middle for the Political Future and a speechwriter for the late Sen. Ted Kennedy (D-Mass.), known as Trump’s remarks “merely economically illiterate.”
“No marvel he apparently had a mediocre report at Wharton,” Shrum wrote, referring to Trump’s alma mater, the College of Pennsylvania’s Wharton College of Finance.
You’ll be able to try extra reactions to Trump’s remarks beneath:
