Kevin O’Leary Wants ‘400 Percent’ Tariffs on China: If You Threaten to Bankrupt Xi’s Economy, He Will Fly to Washington To Cut a Deal

Jones But here in ░░░░░░░░ US Trump appeared to ░░░░░░░░ down by tapping Jameson ░░░░░░░░ for U S trade ░░░░░░░░ a key player in ░░░░░░░░ trade negotiations in Trump ░░░░░░░░ first term Shark Tank ░░░░░░░░ O Leary Ventures Chairman ░░░░░░░░ O Leary Mr Wonderful ░░░░░░░░ joins us now So ░░░░░░░░ me this Kevin I ░░░░░░░░ not concerned about Canada ░░░░░░░░ Mexico They re going ░░░░░░░░ fold They need the ░░░░░░░░ They don t want ░░░░░░░░ get in a war ░░░░░░░░ us But with China ░░░░░░░░ does that play out ░░░░░░░░ the U S tariff ░░░░░░░░ Because it s the ░░░░░░░░ of the tariff right ░░░░░░░░ LEARY Yeah China has ░░░░░░░░ played by the rules ░░░░░░░░ they came into WTO ░░░░░░░░ 1999 And most administrations ░░░░░░░░ just let it roll ░░░░░░░░ of us who do ░░░░░░░░ there realize it s ░░░░░░░░ to really set the ░░░░░░░░ straight here because they ░░░░░░░░ they steal they don ░░░░░░░░ protect IP We can ░░░░░░░░ use their courts And ░░░░░░░░ is getting away with ░░░░░░░░ because he thinks no ░░░░░░░░ will stand up to ░░░░░░░░ My strategy here and ░░░░░░░░ I would advocate for ░░░░░░░░ to raise the walls ░░░░░░░░ high that it forces ░░░░░░░░ to the table here ░░░░░░░░ Washington for a reciprocal ░░░░░░░░ which we desperately needed ░░░░░░░░ s not 25 percent ░░░░░░░░ s 400 percent You ░░░░░░░░ threaten to bankrupt his ░░░░░░░░ And the only reason ░░░░░░░░ gets to be the ░░░░░░░░ leader is people are ░░░░░░░░ If you threaten the ░░░░░░░░ of his economy by ░░░░░░░░ down access to the ░░░░░░░░ s largest economy Jones ░░░░░░░░ rise up O LEARY ░░░░░░░░ rise up they throw ░░░░░░░░ out And when he ░░░░░░░░ that coming he ll ░░░░░░░░ to Washington to cut ░░░░░░░░ deal It s going ░░░░░░░░ take very tough negotiations ░░░░░░░░ I m happy to ░░░░░░░░ this is going on ░░░░░░░░ and Canada different deal ░░░░░░░░ have a new trade ░░░░░░░░ The challenge for Mexico ░░░░░░░░ a brand new leader ░░░░░░░░ you see she s ░░░░░░░░ She s making her ░░░░░░░░ That makes sense Canada ░░░░░░░░ a different situation Trudeau ░░░░░░░░ on his way out ░░░░░░░░ s at the end ░░░░░░░░ a long mandate In ░░░░░░░░ parliamentary system when you ░░░░░░░░ t win a majority ░░░░░░░░ they throw you out ░░░░░░░░ s happening to him ░░░░░░░░ The new prime minister ░░░░░░░░ likely is Pierre Poilievre ░░░░░░░░ We love him O ░░░░░░░░ Well he s going ░░░░░░░░ be negotiating this deal ░░░░░░░░ I would advise Trump ░░░░░░░░ team to bring him ░░░░░░░░ to Mar a Lago ░░░░░░░░ meet him now because ░░░░░░░░ s already told the ░░░░░░░░ people what he s ░░░░░░░░ to do get rid ░░░░░░░░ carbon taxes lift the ░░░░░░░░ on pipelines be pro ░░░░░░░░ That s in sync ░░░░░░░░ Trump s mandate So ░░░░░░░░ think there s going ░░░░░░░░ be a great relationship ░░░░░░░░ Canada and the U ░░░░░░░░ over the next decade.”