Sounding off on woke lies about the Trump tariffs in a series of comments that came in the wake of the market meltdown over renewed trade negotiations launched by Trump, Shark Tank star Kevin O’Leary, also known as “Mr. Wonderful” as a sarcastic nod to his gruff demeanor, commented on what is really going on.
Those comments came when Mr. O’leary was met by Nicholas Ballasy, an independent journalist, on Thursday, April 10. During the comments he gave to Ballasy, Mr. O’Leary explained that the tariffs Trump has launched are a clever “negotiating tactic” that investors shouldn’t be worried about because of the benefits they could bring to America.
Introducing the subject, Ballasy asked the famous investor how much he thinks Americans need to worry about the potential threat of a recession coming thanks to the massively high Trump tariffs. He asked, “How worried are you about a recession right now because of the tariffs?” In response, O’Leary explained that he is not worried, saying, “No, I’m not worried about a recession.”
Ballasy then asked the Shark Tank star if he had any worries about the 400% tariff on Chinese goods that he had recently proposed, such as if it could lead to product price inflation. The journalist asked, “Real quick, about the 400 percent China tariff, are you worried though about product prices, how high they would go?”
That question about 400% tariffs was regarding a comment that Mr. Wonderful made while on CNN days beforehand. He said: “104% tariffs against China are not enough. 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.”
Responding, Mr. Wonderful once again torched the media’s lies about what will happen with the tariffs, noting that the triple-digit tariff bomb on China was a “negotiating tactic” to force them to the table. He said, “It’s just a negotiating tactic to get to the table, that’s all it is. It’s all painful.”
Further, O’Leary explained that such a strong step was needed because the sort of posturing past administrations have made regarding China hasn’t at all worked. As he put it, “Not a single administration has been effective at IP or enforcing any laws that had any consequence, and all of us that are investors have been waiting for some resolution to this.”
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In the same interview with CNN in which he commented on a 400% tariff, O’Leary also said, “This is not about tariffs anymore,” O’Leary continued. “No one 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 has been stolen by the Chinese.”
He added, explaining why such harsh measures are necessary when dealing with the CCP, “The government cheats and steals and finally an administration — you may not like Trump, you may not like his style or his rhetoric — finally, an administration that puts up and says ‘enough.’”
Watch him here:
Featured image credit: screengrab from the embedded video