"Right now every company that imports from China is taking all the cash they can muster, and buying up as much as they can and stuffing it in a warehouse, in anticipation of the tariffs creating accelerated demand for imports. That money would have been used for expansion, raises, bonuses, and other operational elements. Because cash is relatively expensive, and it costs money to store inventory, those companies will increase prices as if they had paid the expected higher tariffs."
"Trump has a new tax cut or tariff for every city he visits. Even when it violates his own signed policies or the law," he wrote in an X post from September.
Cuban, who became an unexpected surrogate for Vice President Kamala Harris' campaign earlier this year, has repeatedly criticized Trump's gratuitous use of tariffs in his economic policies.
Cuban added in the Friday Threads post that the tariffs could also push the Chinese government to tell companies to stop buying from the United States altogether.
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