Mark Koban says that the United States is on the right track for “worse and” worse than 2008
While President Donald Trump acknowledged that his aggressive identification plan may lead to a “little pain” in the short term, some of the business characters, such as the star of the billionaire “Mark Cuban”, sees a greater risk of long -term economic damage.
In a series of Bluesky Publications on Saturday, the Cuban expanded his previous criticism of Trump’s commercial policies. In addition to medicines, the cost founder suggested that a wide -ranging tariff announced by the Trump administration on Wednesday, as well as discounts in the federal workforce led by the White House Duji office, could lead to a financial crisis worse than the great recession in 2008.
“If the new definitions remain in place for several years, and they are enforced and included, and Dog continues to decline and fire, we will be in a much worse position than 2008,” Kobe wrote in response to another user question about the economic effects of the Trump tariff plan.
The owner of the minority in Dallas Maverx has not expanded the reason for seeing the overwhelming discounts of the federal workforce led by the Dog Office regarding economic health in the country. However, the discounts targeted the Consumer Protection Office and the enforcement of tax evasion to serve internal revenue, among other agencies.
Trump’s Cubans and representatives did not respond immediately for the comment requests from Business Insider.
During the 2008 financial crisis and its direct effects, the country’s gross domestic product decreased by more than 4 %, the unemployment rate reached 10 %, and the housing market is disrupted in what economists recognized as the deepest recession since World War II.
The president, in Comments on the press About his commercial policy, he admitted, “We may have, in the short term, some little pain, and people understand it”, but in a post on Saturday on Social truth He said, “Just the weak will fail!”
The economic uncertainty resulting from the Trump tariff plan has sent the stock market down and pushed consumers to store the basics while reducing luxury goods. Economists and former Business Insider experts have been expected The high prices of everything It is a food store such as coffee and sugar to clothes and large purchases such as cars and devices.
The Cuban is not alone in concern about the permanent economic effects of the president’s policies. Many commentators in the financial field questioned the definitions and highlighted their potential consequences.
JPMorgan’s chief economist at JPMorgan, in a research note for customers published on Thursday entitled “There will be blood”, warned that the risk of a global economy in the recession increased from 40 % to 60 % in response to the announcement of the tariff on Wednesday.
