Mark Cuban offers one-word blunt reaction on Trump’s tariffs

Billionaire investor Mark Cuban isn’t mincing words when it comes to President Donald Trump’s new trade policies.

In a brief but powerful response to TheStreet Roundtable, Cuban summed up his view of Trump’s sweeping tariffs in one word: “Bullish.”

The Shark Tank star and longtime crypto supporter was responding to a question about whether Trump’s aggressive tariff plan—announced during his “Liberation Day” speech — could spark renewed interest in Bitcoin and stablecoins.

“I think it’s bullish for crypto,” Cuban said. “When there is uncertainty about fiat globally, that’s bullish for BTC and USDC.”

On April 2, President Trump declared a universal 10% “reciprocal” tariff on all imports to the United States, citing years of unfair trade practices from other nations.

The White House later clarified that this 10% base rate would be layered with country-specific tariffs, such as 26% on India and 34% on China. Even key allies like the EU, UK, and Japan were hit with double-digit rates.

Trump framed the move as a reclaiming of American industry, saying, “April 2, 2025, will forever be remembered as the day American industry was reborn.”

The market reaction was immediate. U.S. equities fell sharply, with the S&P 500 dropping 4.5% and the NASDAQ falling 5.5%. Meanwhile, Bitcoin slid to $82,112.39, down about 3.5% on the day, per Kraken.