Key Points
Billionaire investor Mark Cuban hammered Republican Donald Trump over his vow to implement sweeping tariffs, calling it a stupid move that would only raise costs for US households already worried about high prices...
We all know that across-the-board tariffs are a tax on everybody, Cuban said at a campaign event for Democratic Vice President Kamala Harris in La Crosse, Wisconsin, on Thursday..
Harris at the same event also castigated Trump over his pledge to hit both US adversaries and allies with tariffs a move that the Republican former president says would raise revenue and convince manufacturers to bring operations back to the US...
Essentially, he plans on putting a 20% tax, if not higher, on everyday basic necessities, which economists have estimated will cost the average American $4,000 more a year, Harris said.. Trump has vowed a 60% levy on imports from China and 10% duties on the rest of the world, which he says will help fund plans to renew expiring tax cuts and other tax breaks and credits..
The economy and the high prices that have strained US households are a major issue in the campaign and a political liability for Harris, with polls showing voters prefer Trumps approach on the issue, though the vice president has narrowed that gap...
