Kevin O'Leary Urges Heavy Tariffs on China to Ensure Fair Trade
The 'Shark Tank' investor advocates for increased tariffs to combat China's alleged unfair trade practices and intellectual property theft.
- Kevin O'Leary has called for the U.S. to impose heavier tariffs on China, arguing that the country only responds to economic pressure.
- O'Leary's comments align with former President Donald Trump's stance, who has proposed tariffs exceeding 60% on Chinese goods if re-elected.
- The investor criticized China's use of the U.S. legal system while denying similar access to American businesses in China.
- The Biden administration has already increased tariffs on certain Chinese imports, including electric vehicles, as part of its trade strategy.
- Vice President Kamala Harris has criticized Trump's tariff policies but has not clarified her position on maintaining existing tariffs if elected.