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Mark Cuban Says Trump's Tariffs Caused Companies To Panic-Buy Inventory, Resulting In Cost-Cutting And Job Losses [Yahoo! Finance]
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Over the past couple of weeks, Cuban has warned that the latest round of sweeping tariffs and deep government cuts could do serious damage to the U.S. economy. In fact, he believes it could be even worse than the 2008 financial crisis. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — invest pre-IPO from $0.60 per share now Invest in the future of digital engagement: Own a piece of the $100 billion Metaverse for just $500 On social-media platform Bluesky, Cuban explained how the tariffs are already affecting businesses in ways some people may be overlooking. “What some people aren't factoring into their analysis is the reality that companies were buying tons of inventory to beat the tariffs,” Cuban wrote on Wednesday. “That's cash taken from being able to invest or hire. In fact, they probably cut costs and jobs as a result.” In short, companies scrambled to stock up before tariffs kicked in, tying up cash they would've used for hiring or growing their
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