Mars Financial News: Kevin O'Leary, a star investor in the Shark Pool (Shark Tank), said on Monday that he believes the Trump administration will eventually lift the broad tariffs on 185 countries announced last week. "Economic factors are going to eventually dominate everything, and I don't think the Trump administration is stupid," O'Leary said. It sees tariffs as a negotiating tool, and the countries are expected to begin trade talks with the United States soon. Trump's tariffs caused panic among investors, causing the S&P 500 to fall nearly 14% in 14 years and the Nasdaq to fall 19%. Some countries, such as Japan and Vietnam, have approached the United States with a proposal for talks, while China has said it will "fight to the end."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Mars Financial News: Kevin O'Leary, a star investor in the Shark Pool (Shark Tank), said on Monday that he believes the Trump administration will eventually lift the broad tariffs on 185 countries announced last week. "Economic factors are going to eventually dominate everything, and I don't think the Trump administration is stupid," O'Leary said. It sees tariffs as a negotiating tool, and the countries are expected to begin trade talks with the United States soon. Trump's tariffs caused panic among investors, causing the S&P 500 to fall nearly 14% in 14 years and the Nasdaq to fall 19%. Some countries, such as Japan and Vietnam, have approached the United States with a proposal for talks, while China has said it will "fight to the end."