Former New York City Mayor Michael Bloomberg said Monday an independent 2020 White House bid by former Starbucks CEO Howard Schultz could siphon off enough votes from Democrats to help re-elect President Trump.

Bloomberg in a statement pointed to his consideration of an independent presidential bid in 2016 and said there is “no way” a third party candidate could win. Bloomberg, who served as New York City mayor as a Republican and independent, said an independent bid by Schultz would likely benefit Trump.