Mark Cuban warns Trump's tariff plan combined with threshold cuts could make the country “worse than in 2008”

• Billionaire businessman Mark Cuban criticized President Donald Trump's trade plan on the Blues.

• Cuba said Trump's aggressive tariffs, coupled with layoffs, could cause long-term economic damage.

• Cuba warned that a combination of policies could lead to a “much worse situation” in the country.

While President Donald Trump admits that his aggressive tariff plan could cause “little pain” in the near term, some business figures, such as billionaire “Shark Tank” star Mark Cuban, see greater risks of long-term economic harm.

In a series of Bruinsky posts on Saturday, Cuba expanded his previous criticism of Trump’s trade policy. Cost plus drug co-founders show that widespread tariffs announced by the Trump administration on Wednesday, coupled with cuts in federal labor power led by the White House porch office, could lead to a worse financial crisis than the 2008 Great Recession.

“If the new tariffs remain for years and are enforced and inflation, and Doge continues to cut and shoot, then we will be in a worse situation than we did in 2008,” Cuba wrote in response to another user's economic impact on the Trump tariff plan.

The Dallas Mavericks’ minority owner hasn’t expanded why he believes that a comprehensive cut in the federal workforce led by the Governor’s Office is related to the country’s economic health. However, the reduction targets are tax evasion enforcement departments of the Consumer Financial Protection Bureau and the IRS, as well as other agencies.

Representatives from Cuba and Trump administration did not immediately respond to requests from insiders for comment.

In the 2008 financial crisis and its immediate consequences, the country's GDP fell by more than 4%, the unemployment rate reached 10%, the housing market collapsed, and what economists have recognized since World War II is the deepest recession.

In a comment on the media about its trade policy, the president acknowledged: “In the short term, we may have some pain, and people understand that.

Economic uncertainty arising from Trump’s tariff plan has slowed the stock market and prompted consumers to store essentials while reducing luxury goods. Economists and supply chain experts have previously told Business Insider that increased import costs due to tariffs are expected to result in Everything has a higher price From pantry staples such as coffee and sugar to clothing and large purchases like cars and appliances.