Billionaire Mark Cuban urged consumers to stock up on everyday items before new tariffs lead to price hikes, according to his post on Bluesky. Cuban advised people to purchase consumables like toothpaste and soap now, suggesting that even U.S.-made goods will increase prices due to tariffs. He warned that retailers could use the tariffs as an excuse to raise prices when they replenish inventory. Cuban’s comments come as President Trump’s sweeping tariff changes take effect, with significant increases on countries like China, Vietnam, and Bangladesh.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Billionaire Mark Cuban urged consumers to stock up on everyday items before new tariffs
00:07lead to price hikes, according to his post on Blue Sky.
00:11Cuban advised people to purchase consumables like toothpaste and soap now, suggesting that
00:15even U.S. made goods will see price increases due to tariffs.
00:19He warned that retailers could use tariffs as an excuse to raise prices when they replenish
00:23inventory.
00:24Cuban's comments come as President Trump's sweeping tariff changes take effect, with
00:29significant increases on countries like China, Vietnam, and Bangladesh.
00:33For all things money, visit Benzinga.com slash GSTV.