Mark Cuban Just DROPPED A BOMB On President-Elect Trump

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4. Agree

Please summarize the key points so we can decide if it's worth the time to listen.
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The person speaking is Anthony Vincent Gallo from Occupy Democrats

Key points
- Mark Cuban has spoken out about the immediate harms that are already occurring as a result of Trump's proposed tariffs.
- Companies are accelerating purchases of items they think will be affected to to stockpile them. This reduces cash flow for salaries, bonuses, and investment. It costs money to store stuff.
- Companies are encouraging their Chinese partners to buy now before prices go up, starting an "arms race" of inflationary transactions.
- Companies are starting cutbacks and layoffs to counteract the costs they anticipate from the tariffs.
- Could start a chain reaction that tanks the economy