The Canadian businessman Kevin O'Leary has said President-elect Donald Trump's proposed tariffs on Chinese products are 'not enough.'
Businessman and investor Kevin O'Leary said he wants to go DEFCON 1 on China and implement 400 percent tariffs in the wake of Donald Trump's trade announcements.O'Leary made the comments during a CNN panel discussing the President-elect's revelation that he intends to impose an additional 10 percent tariff on Chinese products entering the U.S. and a 25 percent tariff on Canada and Mexico.
com, previously telling Newsweek: 'These tariffs would certainly mean higher prices for the American consumer.'Retailers/importers will pass these increased costs onto shoppers, driving up the price of everyday items like toasters and washing machines.'China has already issued a warning to Trump, following his tariff announcement, saying that 'no one will win a trade war.'Liu Pengyu, a spokesman for the Chinese Embassy in the U.S., wrote on X, formerly Twitter: 'China-U.
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