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Mark Cuban is sounding the alarm again on President-elect Donald Trump’s tariff proposals.
In a Threads post on Friday, Cuban warned that companies are already preparing for potential tariffs on Chinese imports by stocking up on inventory. He explained that this would inevitably lead to higher consumer prices due to the costs of storing excess stock.
Although Cuban didn’t directly mention Trump, he referred to the president-elect’s plan to impose a 60% tariff on Chinese goods, which some economists have warned could create inflationary pressure on the economy.
“Currently, companies importing from China are gathering as much cash as they can to stockpile inventory, anticipating that the tariffs will boost demand for imports,” Cuban wrote. “This capital would normally be used for expansion, employee raises, bonuses, and other operational expenses. However, due to the expense of cash and inventory storage, these companies will increase prices as if they’ve already paid the higher tariffs.”. Read More -- https://entrepreneurkiawaz.com/
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