On April 8, Kevin O’Leary, commonly known as Mr. Wonderful, appeared on CNN and gave China’s import duties two cents with President Trump’s newly announced 104% tariff.
O’Leary was important, but most experts were not important. On the contrary, O’Leary insisted that tariffs were not even close enough.
“China’s 104% tariffs aren’t enough. I’m defending 400%. I’m in business in China. They don’t play according to the rules. They’ve been involved in the WTO for decades. They’ve never adhered to any of the rules they agreed to when they came in decades. They steal.
O’Leary doubled when CNN host Laura Coates was pushed back.
“We hope that XI will level the arena on the plane to Washington, and this is not about tariffs,” he said.
Mark Levin O’Leary’s “tough story” is fine, but Trump’s tariff plans are already great.
https://www.youtube.com/watch?v=0w6qmbk-o0i
“What Trump is doing is that he’s a ratchet and that’s the right way to get closer to it,” he says. The plan says that in the short term, it will cause some discomfort for Americans, but will ultimately create more fairer trade practices.
However, his tariff plans are far greater than mere deals.
“I think Trump, even if he’s not defeating the communists, seriously hurt the economy and therefore military-wise, he sees how Reagan did the Soviet Union through economics,” says Levin.
“The truth is bigger than the communist Chinese economy, not as big as ours. It’s about two-thirds of the size of the American economy. At least now, we can’t beat us economically,” he explains.
These tariff plans are intended to ensure that it stays that way.
To hear more about Levin’s analysis, check out the clip above.
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