Mark Cuban says Trump’s call for 200% tariffs on John Deere tractors is ‘insane’ and a ‘good way to destroy a legendary American company’ [Video]

The billionaire investor Mark Cuban doesn’t think former President Donald Trump‘s call for 200% tariffs on the agriculture equipment company John Deere is a good idea.

“This Lack of Understanding of Business is insane,” Cuban wrote in an X post on Monday.

Cuban was weighing in on the 200% tariff that Trump said he’d impose on John Deere. Trump issued the threat at an agricultural policy roundtable in Smithton, Pennsylvania, on Monday.

“I love the company, but as you know, they’ve announced a few days ago that they’re going to move a lot of their manufacturing business to Mexico. I’m just notifying John Deere right now: If you do that, we’re putting a 200% tariff on everything that you want to sell into the United States,” Trump said.

“They think they’re going to make product cheaper in Mexico and then sell it in for the same price as they did before, make a lot of money by getting …