The multi-millionaire investor Kevin O’Leary, most known for his role on the hit CNBC show “Shark Tank”, suggests that the United States slap a 400% tariff on China. His statement comes amid what the media are referring to as a trade war between the United States of America and China. President Trump announced a 104% tariff on the communist nation and Chinese President Xi Jinping announced an 84% retaliatory tariff on the USA.
Kevin O’Leary says his suggestion of a 400% tariff would make Xi hop on a plane to Washington and make a deal happen. He went on to say that the Chinese Government are notorious thieves of USA intellectual property. They steal from the very people that they sell to. All of the cheap gidgets and gadgets that China dumps upon the USA are addictive because of the cheap pricing. However, these cheap products are damaging because they strip the USA of manufacturing power.
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