Billionaire entrepreneur and outspoken critic of President Donald Trump, Mark Cuban, has slammed the administration’s proposed 200% tariffs on John Deere tractors, calling the move “insane” and a “good way to destroy a legendary American company.”

Cuban’s comments, made on Twitter, come in response to the ongoing trade war between the US and China, which has seen tariffs imposed on billions of dollars worth of goods traded between the two countries. John Deere, a major American manufacturer of agricultural equipment, stands to be heavily impacted by the proposed tariffs, as a significant portion of its parts are sourced from China.

Cuban’s criticism echoes concerns raised by industry experts and economists, who warn that the tariffs will ultimately harm American businesses and consumers. The increased cost of imported components will inevitably lead to higher prices for tractors, impacting farmers and agricultural businesses across the country.

“This is not about protecting American jobs,” Cuban tweeted, “This is about punishing American consumers and businesses for the sake of an outdated trade strategy that’s failing to achieve its stated goals.” He argues that the administration’s aggressive approach to trade negotiations is counterproductive and will only serve to damage the American economy.

As the trade war escalates, the impact of the proposed tariffs on John Deere and other American companies remains to be seen. However, Mark Cuban‘s outspoken condemnation highlights the potential for serious consequences for the US economy, particularly in key sectors like agriculture.