Overview

• Kevin O’Leary has publicly called on President Trump to impose 400% tariffs on Chinese imports, escalating the U.S.-China trade conflict.
• O’Leary accuses China of systemic intellectual property theft and noncompliance with WTO rules, citing decades of alleged violations.
• The U.S. has already raised tariffs on Chinese goods from 10% in January to 104%, with China responding by increasing tariffs on U.S. imports to 84%.
• O’Leary argues that extreme tariffs would force Chinese President Xi Jinping to negotiate directly with U.S. leadership in Washington.
• The escalating trade tensions and retaliatory measures have triggered global market volatility, with significant drops in equities and bond markets.