Trump Ally Exposes Shocking China Tariff Hike Set to Eliminate All Cheap Goods Entering the U.S.

• Read On: O'Leary uncovers the strategy driving Trump's tariff turmoil

President Donald Trump has enacted record-setting 104 percent tariff on China.

Based on what + columnist and Shark Tank personality Kevin O'Leary says, the President should aim for greater heights.

During a scorching interview on CNN O'Leary stated that China has capitalized on a multi-decade decline in American manufacturing and operates under unequal conditions.

He suggested a plan for President Trump: increase tariffs by fourfold.

I am pushing for 400 percent," he stated. "I operate businesses in China, and they certainly don’t adhere to the same regulations.

O'Leary's commentary comes after He spoke out against imposing any tariffs. being included among the allied nations in an interview Fox News .

However, China, he pointed out, is quite distinct.

'They cheat, they steal, they steal IP, I can't litigate in their courts,' he said.

I want President Xi Jinping on a plane to Washington to even out the competition.

The wealthy business tycoon stated that the Trump administration might utilize the substantial tariff as leverage to inflict suffering on China.

"As someone with actual experience doing business there, I'm fed up," he stated.

Although O'Leary believes that Trump might extend his tariff actions against China, he also mentioned lately that the President has exceeded appropriate limits with the European Union.

Last week, the 70-year-old entrepreneur informed Fox News that Trump possessed a valuable chance to take an 'exit route' from the particular 20 percent tariffs imposed on goods coming from the European Union.

"It’s ready to start at zero-zero and liberalize its markets — and that’s crucial," O'Leary asserted.

'The concept of opening up the markets and setting the course for all other negotiations among the remaining 59 nations... Here lies the chance. This is the time.'

His remarks struck when stock markets were in chaos.

The main indices fell by at least 4 percent on both Thursday and Friday of last week following the President’s announcement of a retaliatory tariff strategy, imposing duties as high as 50 percent on various nations.

Investors understood that President Trump intended to impose import tariffs on international traders; however, they were taken aback by the extensive scope of his policy measures.

The decline in stocks resulted in the loss of trillions of dollars in investments from several of America’s most recognizable corporations, such as Apple, Ford, Tesla, Nike, and Amazon.

Setbacks began to reverberate within the White House, causing several prominent billionaire backers of President Trump to publicly challenge the President's policies .

President Trump withdrew the increased retaliatory tariffs today , driving the main indices into an unprecedented upward surge.

It marked the third-best day for the stock market since World War II; nonetheless, they haven't fully recovered from last week's losses.