Mark Cuban expressed his concerns over President Trump's trade policy on Bluesky, specifically criticizing the aggressive tariffs aimed at various sectors. He speculated that these tariffs, coupled with cuts from the federal DOGE office that affect key financial agencies, could lead the U.S. into a financial crisis deeper than the Great Recession of 2008. Cuban highlighted the potential long-term ramifications of persistent tariffs and drastic workforce reductions, signaling his unease about the overall economic trajectory under Trump's guidance.
If the new tariffs stay in place for multiple years, and are enforced and inflationary, and DOGE continues to cut and fire, we will be in a far worse situation than 2008.
Cuban suggested the extensive tariffs announced by the Trump administration, combined with cuts to the federal workforce, could result in a worse financial crisis than the Great Recession.
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