On the surface, it may appear that “Mr Wonderful” Kevin O’Leary is making a ludicrous suggestion. He told a CNN panel that the 104% tariffs against China are not enough and it should be 400%.
That’s crazy… or is it?
The case he makes is that by making it effectively impossible for China to do business with the United States, that it will hasten Chinese Communist Party leadership to come to the table and generate a fair trade deal between the two economic super powers. The idea may not be nearly as crazy as we might initially think.
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444% is a much auspicious rate. This is because of the Chinese belief that 4 is an unlucky number. 4 is practically a homophone of death in Cantonese.
Best. Comment. Ever.
f commie china we should have never gave them fave nation status.. Whoever did that i’m sure it was both parties, should hang..
You can’t do business with commies, hell you can’t even live with them.. The far left here in America are commies and i hate them and want them no where near me or mine. Sure wouldn’t do business with them..
Grow grow expand expand is all that you idiot money guys care about.. all you guys did when you expanded into china was destroy americas middle class..
my point is we shouldn’t even be in this positions it we gotta grow and expand and get bigger cuz idk why.
Chynas economy is in trouble and they have been abusing the world for years and this is only going to help throw out that communist regime that much quicker.
I don’t want any trade with China. They are our adversaries. They are hell-bent on world domination. That means that they would control us. That can never happen. We need to end all trade with China. They depend upon us for money. We can make everything that we import from China ourselves. We used to do it and it was the finest product on the face of the planet. America first. The Chinese are our adversaries. This CCP wants us destroyed. Why are we trading with them? God bless America and God bless President Trump!
444
or maybe 666 ???
If Chinese products are tariffed at 400%, it does not mean that costs will go up for Americans by 400%, what it means is that Americans will find the next best substitutes for those products and most likely those goods will be close to the same price as those items being tariffed. There may be some things that don’t substitute, but they will be the exception. We may have to spend somewhat more on our “basket of goods” but it won’t be anywhere near 400% more and it won’t take long for the invisible hand of competition to work this change to equilibrium….to the benefit of American manufacturers and the detriment of Chinese manufacturers. All they have to do is agree to reciprocal tariffs, preferably at 0%. It is nice to see a leader with some scallions.