Kevin O’Leary Pushes for 400% Tariffs in Escalating U.S.-China Trade Conflict
O’Leary calls for unprecedented tariff hikes, framing them as a negotiating tool to address intellectual property theft and unfair trade practices.
- Kevin O’Leary advocates for imposing tariffs as high as 400% on Chinese imports, arguing this is necessary to curb intellectual property theft and unfair trade practices.
- O’Leary describes the tariff strategy as a way to pressure China into compliance, likening it to 'training a puppy' to change behavior.
- The U.S. recently increased tariffs on Chinese goods by 125%, prompting retaliatory measures from China, further deepening the trade conflict.
- O’Leary dismisses fears of a recession, characterizing the tariffs as a painful but essential negotiating tactic to reach a trade resolution.
- He warns that the escalating trade war poses significant economic risks for both nations and could undermine political stability if unresolved.