The investor “Shark Tank” Kevin O’Leari argued that short -term fluctuations of drivers are acceptable to force China to come to the table and stop its unbalanced practices against the American economy.
Investor “Shark Tank”, Kevin Olieri, defended President Donald Trump’s tariff against China, saying that some “volatility” deserves it to resolve America’s long -term decrease.
The customs tariff between the United States and China escalated again on Wednesday, as President Donald Trump said it immediately Raise definitions on Chinese goods “The lack of respect” of Beijing towards America, while stopping and reducing mutual definitions to other countries.
Jose Diaz-Polart of MSNBC indicated that the tariff, instead of 125 % as I mentioned earlier, appears to be now 145 %, and the famous investor asked his ideas.
“I was defending it to 400 % in one step to force the eleventh on the table, because this novel with China is not only related to the tariffs.” “Since China joined the World Trade Organization in 2020 – or in reality it is 2000 – they have not committed to the rules in any one year. There is no way in which you can discover or settle a commercial dispute with them. Although they said they agreed to do so, they have never done so.”
Investor Kevin Olieri argued that short -term fluctuations is an acceptable price to pay in exchange for solving American long -term problems.
Trump returns to the “rebel” Republicans on the definitions: “You do not negotiate as I negotiate.”
Oliri went on to point out that he witnessed in Washington about this number of imbalances between America and China, and informed us mainly the legislators, “I had enough, and I expected you, and the administration and the administration would finally go to the mission and settle this once, and I do not care if the matter does not matter to me.
The investor explained that he does not preach any will for the Chinese as a people, pointing to thousands of years of history, but the government that governs them is the problem.
“They cheat, steal, and do not play the rules. I had enough. So I would like this thing to do. I don’t care about volatility. I don’t care if Trump raises 25 % a day,” he said.
“What do you mean that you do not care about fluctuation, if the fluctuations are directly to us as consumers?” Diaz-Polart.
“Because we have to fix this problem once and forever. It kills us,” Oliri said. “It kills small companies in America. It kills big businesses. All this IP steals it. It returns and looks at all technological developments, and this is my personal appreciation, you will find the source code From American companies Again four decades ago. ”
“These men do not play with rules and administration after management, whether European or American, they did not deal with this.” “That’s enough. We have to solve this problem. Now if we have to press Chinese heads on the wall, I said yesterday when I was witnessing, so I am ready to live with fluctuations to settle the long situation.”
One of the leading issues of President Trump is the commercial relationship of America with China. (Wang Gang/ VCG via Getty Images/ Fox Business/ Fox News)
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Oliri has argued that although China has an authoritarian system, its leadership can be pressed through tens of thousands of its people, suddenly unemployed and angry at their government because of the lack of actions in America.
“China needs the United States of America. We have the top hand at the moment. We have cards,” said Olrei, describing America as the largest market for consumers on the ground. “It is now time to settle this, because we may not be the biggest economy forever, but at the present time we can pressure the Chinese – I am talking about the government, not people – to comply with laws and obtain an equal field between China and the United States of America.
He explained an example of how China exploits the American market.
Chinese President Xi Jinping was criticized for his ongoing Chinese authoritarian leadership. (Ton Molina / Bloomberg via Getty Images / Getty Images)
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“I want this thing to do now because I can show you countless events in terms of support, as an investor, the company that reaches 5 million dollars of sales with a good consumer or a service on Amazon, Ali Baba, then as soon as it reaches $ 5 million,” it has been stopped. “They steal the IP, make it there, and sell it again in this market. I am not fine with that. I am no longer well with that. “
O’Leary explained that although it does not call for a change of order, Chinese President Shi must be forced to come to the table.
“Let’s click and press them!” Oliri suggested. “Just continue to go and go until they start compliance.”
Stephen Soras in Fox Business contributed to this report.
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