Impact of President Trump's Tariffs on China
Kevin O'Leary from Shark Tank believes that President Trump's plan to implement 10% tariffs on China is not enough to pressure them due to China's history of not abiding by rules and laws, especially regarding intellectual property. O'Leary suggests that the situation with China is much more complex and may require more than just a 30-day pause on tariffs.
Key Points
- China has a history of not abiding by rules since joining the WTO in 1999
- Intellectual property issues and fentanyl problem contribute to the complexity of dealing with China
- O'Leary suggests that a 10% tariff is not enough and proposes a 400% tariff to pressure China