Shark Tank star Kevin O'Leary said Monday on Fox Business Network's “Fox Business Live” that President-elect Donald Trump must counter China with tariffs.
“The difference between Canada and China is enormous,” host David Assmann said. “I mean, Prime Minister Trudeau came into the United States, bowed at the feet of Donald Trump, folded up like a cheap suit. I don't think there will be a similar response from Xi Jinping. What will happen to Mr. Xi? Are they going to play hardball?”
“China is a completely different issue than Canada or any other country,” O'Leary said. The only way is to remember that since they joined the World Trade Organization in 1999, they have broken the rules with every country, including America, every year. I am an individual doing business there. My business has been completely ruined. I've said it countless times. They don't play by the rules. There is nothing reciprocal in our relationship. The only way to get along with the Supreme Leader (I like to call him the Supreme Leader) is to impose tariffs on sectors where many Chinese people are employed, causing him great economic pain and risk. is. ”
He added, “I have nothing against the Chinese, I have a lot against the Chinese government, and the only way to put him at risk is to, you know, trade with our largest economy.'' If you want to ruin it, say we are us,” he added. A lot of people in your city who make yoga mats and electronics and everything else are going to lose their jobs. They will riot in the streets, the bread will run out, the power will go out. That's the only way it will work. Very selective, high-impact weapons like tariffs, but you have to be hardcore. He only understands sticks. That's all he understands. If there was any weakness, he ignored it and continued to do so for years. So I hope the administration will resolve the issue. I'm really hurt by China and there are millions of other businesses in America that are in the same boat as me. ”
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