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Fortune
Fortune
Marco Quiroz-Gutierrez

Mark Cuban says Trump's proposed 200% tariff on John Deere would be a 'good way to destroy a legendary American company'

(Credit: Win McNamee—Getty Images)

Mark Cuban shot back at Donald Trump after the former president threatened Illinois-based John Deere with a 200% tariff on its products if it goes ahead with its plans to move some of its production to Mexico.

The Shark Tank star and ardent Kamala Harris supporter said in a post on X that Trump’s plan showed a lack of business understanding. Especially if the tariff on John Deere were to be lower than any imposed on China, it would be disastrous for the company, Cuban added.

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