Kevin O’Leary Pressures Trump to Accept EU Zero-Tariff Deal as Trade Conflict Escalates

O’Leary argues the EU’s proposal offers a critical opportunity to stabilize markets and address automotive trade barriers while Dow drops highlight economic urgency.

• Kevin O’Leary has urged President Trump to agree to the European Union’s zero-for-zero tariff proposal to de-escalate the ongoing trade conflict.
• The EU, led by European Commission President Ursula von der Leyen, has expressed readiness to negotiate a zero-tariff agreement on industrial goods and cars.
• O’Leary highlighted the significant restrictions faced by U.S. automobile exports in key European markets like Germany, Switzerland, and France, which the deal could alleviate.
• The entrepreneur emphasized that adopting the EU’s proposal could set a precedent for future trade negotiations with other countries.
• Market volatility persists, with a 1% drop in the Dow underscoring the economic urgency of resolving the trade tensions triggered by Trump’s tariff policies.

3 Articles

HuffPost The Hill Mediaite