Since Donald Trump won the 2024 U.S. presidential election, many tech sector leaders have rushed to show him loyalty and curry favor. This created an opportunity for one member of their elite club to carve out a niche for himself as a billionaire with progressive priorities.
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Mark Cuban is best known for his time as a judge on Shark Tank and owner of the National Basketball Associationâs (NBA) Dallas Mavericks. But before holding either of those roles, he founded and sold multiple successful tech companies, earning him a spot among the industryâs leaders.
But recently, Cuban has differentiated himself from fellow tech moguls â including Tesla (TSLA)  CEO Elon Musk and Mark Zuckerberg of Meta Platforms (META)  âvoicing criticisms of Trump and his policies, despite initially supporting him.
This week, Cuban took to social media to make it clear where he stands on Trumpâs tariff policies and the current trade war, laying out an unexpected take.
Since Trump returned to the White House on January 20, many people in the U.S. and beyond have waited anxiously for updates on his promised tariffs. These import taxes stand to have significant repercussions, as and most of the world knows who remembers the trade war from Trumpâs first term.
Related: Mark Cuban makes scathing crypto prediction as Trump takes office
Cuban certainly seems to remember, which may be informing his take on the trade war and how it should be handled. On February 1, he posted on Bluesky, âIâm going to put my rich guy hat on and say I hope that Mexico and Canada issue equal, retaliatory tariffs and stick to them for an extended period.â
In the same post, Cuban acknowledged that such a measure would indeed negatively impact many people, but stressed the importance of seeing the bigger picture. âIt’s the only way for tariffs to be seen for what they are,â he added.
As part of the thread, Cuban commented and predicted that despite what he hoped would happen, both countries would likely follow Colombiaâs example and quickly reach an agreement with Trump, enabling him to claim victory despite little change.
This forecast has since proven correct. Three days later, both Canada and Mexico have reached agreements with Trump to pause the tariffs if they increase their border security.
