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By Sophie Clark
Live News Reporter
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Mark Cuban said on Fox News that if he were given a role in the Harris Administration he would like to be the head of the Securities and Exchange Commission (SEC).
Cuban, the 'Shark Tank' investor and Dallas Mavericks owner who has been a frequent and prominent critic of former President Trump, was asked by host Neil Cavuto on Cavuto's Fox News show 'Your World on Wednesday' whether he would "entertain being treasury secretary, commerce secretary?"
To which Cuban shook his head and said: "Head of the SEC, head of the SEC, that's the job I would take. Maybe HHS." "HHS" refers to Health and Human Services.
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Newsweek has contacted Mark Cuban via email for comment.
Cuban was on Fox News to discuss his thoughts on Trump's tariffs, which he recently referred to as "insane."
Cuban told Cavuto that his comments were referring to Trump's threat of a 200 percent tariff on the American manufacturer John Deere.
Trump threatened John Deere with a 200 percent tariff if it moved any manufacturing to Mexico, which is already among the company's plans.
Cuban posted in X that "This Lack of Understanding of Business is insane." He said that raising tariffs on an American company with some production in Mexico would make it easier for Chinese companies to undercut American businesses in the long run.
He also said on X: "Good way to destroy a legendary American company and increase costs to American buyers."
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Cuban clarified his stance on tariffs as a policy to Cavuto, saying that he does think that tariffs can be a good tool to combat companies "dumping" in the United States, but tariffs as high as 10 to 20 percent, which Trump has threatened against China, are inflationary and are a "tax on the American consumer."
The current head of the SEC is Gary Gensler, who has been head of the commission since 2021. Gensler is a recipient of the Alexander Hamilton Award, which is the highest honor in the US treasury, named after its first secretary.
Newsweek has contacted the SEC via email for comment.
Cuban added in his Fox News interview that one of the reasons he supports Harris is that she is "very thorough, very precise, her team vets every idea, that's important as a business person because you can trust what she says."
Cuban also said that he's been impressed by how quickly Harris has gained in the polls, both in terms of name recognition and favorability.
He told Cavuto: "From a business perspective if you're able to, in 45 days, go from way behind to being ahead, or tied at worse, that means you're doing something right."
Cuban also floated the idea of being head of HHS. This is likely due to his Mark Cuban Cost Plus Drug Company, which sells medications.
The Mark Cuban Cost Plus Drug Company website states: "Our goal is to dramatically reduce the cost of drugs like Albendazole, but we also think that it is just as important to introduce transparency to the pricing of drugs so patients know they are getting a fair price."
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