Billionaire Mark Cuban didn’t hold back in criticizing former President Donald Trump’s recent plans to revive the automotive industry in Michigan. During a visit to a General Motors site becoming an electric vehicle production facility, Trump claimed in an interview with Detroit News, “We’re going to bring back the car industry… We’re going to bring back jobs, we’re going to bring back factories and make Michigan very successful again.” He suggested that taxing foreign nations could make this happen.
Cuban took to X (formerly Twitter) to express his confusion about how Trump plans to tax a foreign nation. He pointed out that a tariff is actually a tax on foreign-made goods, which is ultimately paid by the importing businesses—like Walmart—who then pass the costs onto consumers.
Cuban continued to engage with critics on the platform, reposting a user’s interpretation of Trump’s comments. The user suggested that setting tariffs on products made unethically by countries like China would help American auto industries. Cuban seemed baffled by this back-and-forth, wondering why people felt the need to interpret Trump’s statements instead of expecting him to be clear.
Trump said this at his speech today in Michigan
“”We’re going to bring back the car industry,” Trump said in our interview. “We’re not going to let it disappear. We’re going to bring back jobs, we’re going to bring back factories and make Michigan very successful again. And we…— Mark Cuban (@mcuban) August 30, 2024
This isn’t the only time Trump’s comments have faced scrutiny recently. During a campaign event in Wisconsin, he made headlines after discussing bacon in the context of rising living costs and inflation. While addressing a question about affordability, Trump said, “You take a look at bacon and some of these products… Some people don’t eat bacon anymore.” This remark led to various reactions online, including quips from journalists and social media users who found his comments perplexing.