Saturday, 19 April 2025

‘They Don’t Play By The Rules’: ‘Shark Tank’ Investor Says President Trump’s Chinese Tariffs Are ‘Not Enough’

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While many of President Donald Trump’s critics argue that he has gone too far in imposing tariffs to relieve America’s trade deficit with China, at least one proponent of the general strategy recently said the only problem is that it isn’t high enough.

Kevin O’Leary, the investor who became famous as a star of the reality series “Shark Tank,” revealed his thoughts on Chinese import tariffs during a recent CNN interview.

As The Hill reported:

“104 percent tariffs on China are not enough. I’m advocating 400 percent,” O’Leary said.

“I do business with China,” he continued. “They don’t play by the rules.”

The investor argued that China, which has been part of the World Trade Organization since 2001, has “never abided” by the group’s rules that it initially agreed to.

China was originally hit with a 34 percent duty on goods imported to the U.S. as part of Trump’s “Liberation Day” tariffs. The taxes were levied on top of the already existing 20 percent tariffs.

Trump’s China tariffs have become the topic of countless media reports and ample social media speculation this week:

BBC provided the latest on how tariffs are taking hold around the world:

US President Donald Trump’s latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world’s two biggest economies.

Tariffs ranging from 11% to 104% now apply to imports from around 60 US trade partners, which Trump has dubbed the “worst offenders” for what he considers unfair trade practices.

China has since hit back by raising import duties on US goods arriving in China to 84%.

Here’s a clip of O’Leary’s recent remarks:

This is a Guest Post from our friends over at WLTReport.

View the original article here.


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