Mark Cuban slammed former President Donald Trump on Thursday over tariffs he proposed for John Deere should he win the election.
Trump, who has previously pledged to impose tariffs on foreign-made products from China and other countries in a proposal that several economists have warned about, threatened the agricultural equipment company Monday with a 200% tariff if it moves some of its manufacturing in the U.S. to Mexico.
“Donald Trump is trying to come in with a hammer and say, ‘You’re the nail, I’m gonna hit you with a 200% tariff, John Deere,’” said the “Shark Tank” investor and billionaire in an appearance on CNBC’s “Squawk Box.”
He continued, “Kamala Harris is saying, ’I’m gonna give you incentives to manufacture more. Which do you think is gonna work better with companies? Do you wanna be underneath a hammer?”
His comments arrive months after Fox Business Network reported that John Deere laid off hundreds of employees at plants in Illinois and Iowa….