Mark Cuban cautions that a combination of Trump’s tariff strategy and DOGE reductions may result in a more severe crisis than the one in 2008.
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Billionaire entrepreneur Mark Cuban expressed concern about President Donald Trump's trade policies on Bluesky. Cuban cautioned that Trump's aggressive tariffs paired with DOGE cuts could have severe and lasting economic repercussions, potentially surpassing the impact of the 2008 financial crisis. Despite Trump recognizing the short-term hardships his tariff strategy may bring, business figures like Cuban fear the potential long-term damage to the economy. Cuban emphasized that if the tariffs persist over multiple years, along with DOGE-driven workforce reductions, the nation could face a more severe crisis than in 2008. Cuban did not elaborate on his views linking DOGE-led federal workforce reductions to economic well-being, which have impacted agencies like the Consumer Financial Protection Bureau and the IRS. Both Cuban and the Trump administration declined to comment on the matter. The 2008 financial crisis saw a GDP drop of over 4%, unemployment hitting 10%, and a housing market collapse, marking it as one of the worst recessions since World War II. Trump, addressing the potential consequences of his trade policy, acknowledged possible short-term hardships but remained steadfast, saying, "ONLY THE WEAK WILL FAIL!"

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