Kevin O’Leary Breaks Down Trump’s “Tariff Signal”
Shark Tank star Kevin O’Leary recently explained President Donald Trump’s “tariff signal” to different countries as a negotiating leverage tool to bolster American manufacturing. According to O’Leary, Trump commands the largest market on Earth and uses his position to send signals to other countries.
During a recent address to the World Economic Forum, Trump threatened businesses that do not make their products in America with tariffs. O’Leary viewed this move as “just the way [Trump] is,” stating that he has grown accustomed to the president’s bombastic and controversial statements.
O’Leary pointed out that Trump’s message is different for different countries. For example, Mexico is being asked to build a wall and stop sending illegal immigrants, while Canada is being urged to increase spending on security at the northern border and pay its dues to NATO.
O’Leary noted that Trump’s main message is clear: come make your product in America and enjoy low taxes, or face tariffs. The “tariff signal” is a negotiating tool designed to encourage countries to take action, with the threat of tariffs hanging over them.
O’Leary concluded that Trump’s message is loud and clear: get in line, do what you said you were going to do, or face a barrier to entering the world’s largest market. He believes that this message will have an impact on economies and is not surprised by Trump’s approach.