Overview
- President Trump announced a pause on tariff hikes for most countries while raising tariffs on China to over 100% in a targeted trade policy shift.
- Kevin O’Leary, speaking on MSNBC, criticized the current measures as insufficient and advocated for daily tariff increases to force China into compliance.
- O’Leary accused China of systematic intellectual property theft, claiming decades-old American technology has been appropriated without recourse.
- He argued that short-term market volatility from escalating tariffs is an acceptable cost to resolve long-standing trade imbalances with China.
- O’Leary also called for regulatory actions, including delisting non-compliant Chinese companies from U.S. stock exchanges, to level the competitive playing field.