Mark Cuban Blasts Trump's 'Crazy' Tariffs Idea | HuffPost Latest News

Mark Cuban declared that Donald Trump wants Americans to have a lousy holiday season as he went after the GOP nominees gibberish tariff proposals at a Kamala Harris campaign rally on Thursday.

Donald Trump is the Grinch that wants to steal your Christmas, said the Shark Tank investor and billionaire to a crowd in La Crosse, Wisconsin.

Trump has previously pledged to hike tariffs on foreign-made products coming into the U.S. from China and other countries, proposals that most economists have warned would result in higher prices for consumers.

The former president, on Tuesday, went after experts for being wrong in their tariff takes while defending his economic policy.

Cuban, who previously criticized Trump for putting companies underneath a hammer after he threatened John Deere with a 200% tariff if it moved some of its manufacturing from the U.S. to Mexico, knocked Trumps crazy notion that putting 60% tariffs on Chinese goods is a good idea.

Let me just tell ya, this man has so little understanding of tariffs, he thinks that China pays for them. This is the same guy who also thought that Mexico would pay for the wall, said Cuban, referring to Trumps failed 2016 campaign promise .

He then gave the former president a little bit of credit, noting that he was a little bit coherent when discussing trade policy in the 90s and early 2000s.

But I dont know what happened to him. The way hes been thinking about tariffs and trade now, somethings a little bit lost and now his trade policies, particularly with tariffs, are basically just gibberish, Cuban said.

Cuban, later in the speech, said it would be heartbreaking for people not to buy gifts for loved ones as a result of Trumps proposed tariffs and noted that consumers could also see an impact on costs of products at small businesses.

Not only is it a bad Christmas for you but its a bad Christmas for every single retailer. The Grinch is the one thats gonna be putting these companies out of business, the billionaire said.

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Behind every small business theres an entrepreneur that busted their ass. Behind every small business theres an entrepreneur that gave up almost everything to be able to start that business, who dreamed of a better future for their family, he continued. The Trump That Stole Christmas. The Grinch will crush those dreams if elected.

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