On Thursday, Kevin O’Leary, known for his role on Shark Tank, expressed strong views on U.S.-China trade relations. He accused China of unfair practices, including intellectual property theft from American companies.
What Happened: O’Leary highlighted that China has not adhered to promises made upon joining the World Trade Organization. He criticized the current U.S. response, stating, “That ends NOW.”
Recently, the Trump administration announced a 90-day pause on global tariffs, excluding China, whose tariff will rise to 125%.
O’Leary, however, believes this is insufficient and reiterated a 400% tariff on Chinese imports. He emphasized, “This isn’t about politics. It’s about FAIRNESS.” O’Leary’s comments came amid heightened trade tensions and significant policy shifts by the U.S. government.