Jump to content
  • Sign Up
×
×
  • Create New...

‘I’m Gonna Hit You With A 200% Tariff, John Deere’ Vs. ‘I’m Going To Give You Incentives To Manufacture More’


Recommended Posts

  • Diamond Member

This is the hidden content, please

‘I’m Gonna Hit You With A 200% Tariff, John Deere’ Vs. ‘I’m Going To Give You Incentives To Manufacture More’

Mark Cuban Asks What’s Better: ‘I’m Gonna Hit You With A 200% Tariff, John Deere’ Vs. ‘I’m Going To Give You Incentives To Manufacture More’

Billionaire investor and Kamala Harris proponent Mark Cuban recently weighed in on a key difference between Donald Trump and Kamala Harris regarding their economic strategies for boosting U.S. manufacturing. In a

This is the hidden content, please
about how to strengthen ********* companies, Cuban highlighted two contrasting approaches: Trump’s aggressive tariff policy and Harris’ plan to offer incentives.

Don’t Miss:

As Cuban noted, Trump’s plan includes levying high tariffs on businesses such as John Deere that may decide to relocate manufacturing or outsource jobs elsewhere. “Donald Trump is trying to come in with a hammer and say you’re the nail; I’m going to hit you with a 200% tariff, John Deere,” Cuban said vigorously.

Trump said: “I’m just notifying John Deere,

This is the hidden content, please
, right now. If you build in Mexico, we’re putting a 200% tariff on everything that you wanna sell into the ******* States so that if I win, John Deere is gonna be paying 200%.”
This is the hidden content, please

— unusual_whales (@unusual_whales)

This is the hidden content, please

Trending: The global games market is projected to generate $272B by the end of the year —

This is the hidden content, please

However,

This is the hidden content, please
whether such an aggressive tactic helps the economy in the long run, comparing it to Kamala Harris’s approach, which focuses on offering
This is the hidden content, please
to manufacture more within the U.S.

Instead of threatening tariffs, Harris’s strategy would offer rewards for keeping production stateside, encouraging companies to invest in ********* jobs and infrastructure.

“Which do you think is going to work better with companies?” Cuban asked. “Do you want to be underneath a hammer — because when you put a 200% tariff on John Deere and only a 10 or 20% tariff on their ******** competitors, their ******** competitors are now less expensive than John Deere.”

Trending: ‘Scrolling to UBI’: Deloitte’s #1 fastest-growing software company allows users to earn money on their phones –

This is the hidden content, please

Cuban then pointed to the example of Carrier in 2016. The company faced a 35% tariff under Trump but managed to navigate it by laying off workers instead of returning jobs to the U.S. As Cuban puts it, “They just gamed the system.” He thinks this kind of result is unhelpful and harms ********* workers more than it helps.

Story continues

Ultimately, Cuban posed the question: Which is better for U.S. manufacturing—Trump’s heavy-handed tariffs or Harris’s incentives? For Cuban, the answer is clear: offering companies incentives is the better way forward if the goal is to promote long-term growth, job creation, and economic stability in the U.S.

Trending: This

This is the hidden content, please
-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L’Oréal, Hasbro, and Sweetgreen in just three years –
This is the hidden content, please

What Do Economists Think?

This is the hidden content, please
of high tariffs like the ones Donald Trump has championed. Tariffs drive up the cost of imported goods, pushing consumer prices and production costs for businesses that depend on international supply networks.

Many contend that tariffs can also have unfavorable knock-on consequences on the economy, as they can trigger retaliatory tariffs from other nations, impede international trade, and eventually lower economic efficiency. According to a

This is the hidden content, please
, Trump’s tariffs increased consumer prices without significantly benefiting U.S. workers.

On the other hand, proponents of tariffs argue that they can protect critical industries, especially those related to national security or strategic importance. That said, most economists still agree that

This is the hidden content, please
with limited long-term efficacy.

Read Next:

Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools.

This is the hidden content, please
that can set you ahead in today’s competitive market.

Get the latest stock analysis from Benzinga?

This article

This is the hidden content, please
originally appeared on
This is the hidden content, please

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.




This is the hidden content, please

#Gonna #Hit #Tariff #John #Deere #Give #Incentives #Manufacture

This is the hidden content, please

This is the hidden content, please

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Vote for the server

    To vote for this server you must login.

    Jim Carrey Flirting GIF

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.