in World News Here’s Why Kevin O’Leary Wants to Quadruple Trump’s Tariffs on China
by Matt Margolis
Think Trump’s tariffs on China are too high? Famed investor and “Shark Tank” star Kevin O’Leary thinks they should be even higher. On CNN Tuesday evening, he proposed raising tariffs from the current 104% to an astonishing 400%. O’Leary expressed deep frustration with China’s trade practices, accusing it of cheating and intellectual property theft.
“A 104% tariffs in China are not enough,” O’Leary declared. “I’m advocating 400%. I do business in China. They don’t play by the rules. They’ve been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat. They steal. They steal IP. I can’t litigate in their courts. They take product technology. They steal it. They manufacture it, sell it back here.”
Emphasizing the urgency and severity of the situation, O’Leary continued, “I want Xi on an airplane to Washington to level the playing field. This is not about tariffs anymore. Nobody has taken on China yet. Not the Europeans. No administration for decades. As someone who actually does business there, I’ve had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese.”
O’Leary clarified that his stance was not against the Chinese people; he acknowledged their contributions to literacy, art, and technology worldwide. However, he criticized the Chinese government for its unfair practices.