Mark Cuban joined a number of critics who mocked Donald Trump on Saturday after the Republican presidential candidate’s false claim that imposing tariffs “has no impact on our country.”
The former president, in a meandering speech at a campaign rally, vowed to impose tariffs on foreign-made products from China and other countries to bring jobs “home” in an effort to bring in “billions and billions of dollars.”
“A tariff is a tax on a foreign country, that’s how it is whether you like it or not. A lot of people like to say, “Oh, it’s a tax on us.” No, no, no,” Trump told the crowd at the rally in Wilkes-Barre, Pennsylvania.
He later continued: “It’s a tax on a country that defrauds us and steals our jobs. And it is a tax that has no consequences for our country.”
Trump has pushed before the false claim on tariffs Despite several media sockets noting that American consumers and industries have borne much of the cost of his tariffs.
Various economists recently told Newsweek that Trump’s tariff proposal would raise prices for American consumers and that such a plan would also hurt American businesses.
Cuban, a billionaire and frequent Trump critic, took to social media to question the former president’s tariff claim.
“Do importers want to explain how they deal with tariffs on, for example, food or agricultural products?” he wrote on X.
Robert Shrum, director of the University of Southern California Center for the Political Future and speechwriter for the late Sen. Ted Kennedy (D-Mass.), called Trump’s comments “simply economically illiterate.”
“No wonder he apparently had a mediocre record at Wharton,” Shrum wrote.
You can see more reactions to Trump’s comments below: