Potential Tariffs on China by President-elect Donald Trump
Kevin O’Leary predicts President-elect Donald Trump will impose aggressive tariffs on China due to a trade war, stating the rest of the world will be unaffected. He believes the tariffs will pressure China to provide access to their markets and create more employment.
Key Points
- Trade war with China
- Aggressive tariffs proposed by Trump
- Focus on pressuring China for fair trade practices
Pros
- Pressure on China to provide access to their markets
- Potential increase in employment in the U.S.
Cons
- Possibility of retaliation from China
- Impact on prices of imported goods