Kevin O’Leary warns that China risks being “virtually screwed” in tariff negotiations with the US.
On “Varney & Co.”, he emphasizes the US’s significant leverage in these discussions.
- O’Leary criticizes China’s reluctance to negotiate on tariffs and suggests accepting Trump’s proposal.
- The US Customs and Border Protection outlined new guidelines exempting certain imports from tariffs.
- April’s executive order from Trump increased China’s tariffs to 125% due to trade imbalances.
- Electronics like smartphones and laptops are exempt from these reciprocal tariffs.
Tags #Business, #Government
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