Mark Cuban Slams Trump's Silence On Small Businesses, Says 'Not A Single Word To Help The 33 Million Small Businesses In This Country'

Casey B. Renner

Thu, May 8, 2025, 12:33 PM 4 min read

Small businesses crossed America are feeling the squeeze—and Mark Cuban is making definite it doesn't spell unnoticed.

In an April 11 post connected BlueSky, the billionaire sharply criticized President Donald Trump's administration, saying, "Not a azygous connection to assistance the 33 cardinal tiny businesses successful this country."

As caller tariffs connected Chinese imports surge to historical levels, tiny concern owners are scrambling to past a one-two punch of skyrocketing costs and a financing crunch.

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Since aboriginal April, Trump's medication has imposed sweeping caller tariffs, including a 145% levy connected Chinese goods and a broad 10% connected different imports, citing nationalist information and economical competitiveness.

However, these measures person brought terrible fallout for tiny businesses reliant connected Chinese suppliers. In an occurrence of the “Prof G Markets” podcast, Flexport CEO Ryan Petersen warned that arsenic galore arsenic 80% of tiny businesses importing from China could look bankruptcy if the tariffs stay successful place.

Port postulation is besides taking a hit. The Port of Los Angeles expects instrumentality arrivals to driblet by astir a 3rd year-over-year.

Gary Cohn, a erstwhile manager of the National Economic Council during Trump’s archetypal word and present IBM's vice chair, told CBS that the effects of the tariffs would statesman to manifest successful the U.S. system by precocious May, owed to the emblematic eight-week proviso concatenation cycle.

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The timing couldn't beryllium worse for tiny businesses already battling constricted entree to financing. According to NerdWallet, involvement rates for concern loans stay stubbornly high—ranging from 6.54% to 11.7% astatine accepted banks—with online indebtedness rates reaching up to a jaw-dropping 99% APR.

Cuban emphasized that galore businesses lacked the currency travel to stockpile inventory earlier tariffs took effect, leaving them nary prime but to sorb higher costs connected their adjacent orders. His concerns were echoed successful an April nonfiction from Bar Chart, highlighting however businesses are present trapped betwixt soaring expenses and shrinking margins.