A clearly frustrated Kevin O'Leary took out his anger on MSNBC host José Díaz-Balart on Thursday morning with his complaints that Donald Trump's tariff on China is not near enough to make up for his own business losses.
Multi-millionaire O'Leary, a CNBC contributor who also appears on Shark Tank, claimed there is an uneven playing for him when trying to compete with the Chinese and that he doesn't "care" about market "volatility" created by massive tariff costs.
Noting that he just testified before Congress as Donald Trump's sweeping tariffs, now on pause, have caused worldwide economic chaos, O'Leary, a Canadian was on the verge of shouting as he explained the unfairness of it all.
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"This narrative with China is not just about tariffs," he began. "Since China joined the WTO [World Trade Organization] in 2020, or it's actually 2000, they have not abided by the rules in any single year. There is no way you can figure out or settle a trade dispute with them although they said they'd agree to do that, they never did."
"They have been constantly stealing American IP [intellectual property], including many from my companies and we have not been able to litigate there, there is no resolution available to us," he elaborated. "They are using our financial markets."
"I was testifying yesterday at the China hearings in Washington, and I said, I've had enough and I expect you, lawmakers and the administration to finally go to task and settle this once and for all," he loudly exclaimed. "Because I don't care if it's 1,000 percent tariffs. They have to come to the table now and not just settle this trade war, they need to settle all of this unbalanced situation."
After stating, "I would like this thing worked out. I don't care about the volatility, I don't care if Trump ratchets it up 25 percent a day," the MSNBC host pressed him with, "What do you mean you don't care about volatility? If volatility has a direct impact on us as consumers ––."
"Because we have to fix this problem once and for all," O'Leary snapped at Díaz-Balart. "It's killing us! It's killing small business in America. It's killing large businesses, all the IP these guys steal."
You can watch below or at the link.
- YouTubeyoutu.be
