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Kevin O’Leary calls for 400% tariffs on China
Posted on 4/9/25 at 9:39 am
Posted on 4/9/25 at 9:39 am
Loading Twitter/X Embed...
If tweet fails to load, click here. I do wonder if the end result is massive tariffs on China while making deals with everyone else
A poll came out yesterday showing tariffs unpopular except on China (majority support)
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Posted on 4/9/25 at 9:42 am to HailHailtoMichigan!
Meanwhile, he strongly encourages entrepreneurs to outsource to China on his show every night. I don’t get big business 
Posted on 4/9/25 at 9:43 am to HailHailtoMichigan!
quote:
Kevin O’Leary
One person that I wish would just go away.
Posted on 4/9/25 at 9:48 am to HailHailtoMichigan!
China is truly a-hole when it comes to business.
My brother is a VP of a company that produces heavy machinery. He took a trip to China to setup factory operations. He had a case with a proprietary tool in it that turned up missing at the airport.
He realized it and the Chinese just assured him that he had misplaced it. A day later, it showed up in his hotel room. Turns out they had taken it and photographed it and eventually held it over their head that they had access to the tool and they could produce it and sell to their competition if they didn't agree to very Chinese friendly terms.
My brother is a VP of a company that produces heavy machinery. He took a trip to China to setup factory operations. He had a case with a proprietary tool in it that turned up missing at the airport.
He realized it and the Chinese just assured him that he had misplaced it. A day later, it showed up in his hotel room. Turns out they had taken it and photographed it and eventually held it over their head that they had access to the tool and they could produce it and sell to their competition if they didn't agree to very Chinese friendly terms.
Posted on 4/9/25 at 10:19 am to anc
Sounds a little similar to a story one of the former VPs at my company had with a Chinese company. After a pitch at a trade show, they came and toured our facility and talked a big game about doing $400k-$600k a year in sales with us. The VPs eyes got big and never questioned the "all in" approach that never happens within our industry. But because of the "size of the company and potential sales" he also gave them 30 day terms. Sold them 3 systems, they held them for about 3 months and never paid their bills. When pushed about it, they just returned the 3 systems and you could tell they were dismantled and reassembled.
Posted on 4/9/25 at 3:10 pm to anc
I was at a high end flange manufacturing facility couple years ago and I asked the owner if they had an IP theft over the years.
He said that a pipeline in Nigeria blew up and the forensic guys were doing their investigation and came across one of their flanges that was split in half but still had the name and markings on it so they tried to blame this company. Well, the name on the flange was misspelled and the project # used a different code Come to find out, the Nigerian company bought the flanges and got a Chinese outfit to make similar flanges which obviously didn’t hold up and had planned to resell the first set 
He said that a pipeline in Nigeria blew up and the forensic guys were doing their investigation and came across one of their flanges that was split in half but still had the name and markings on it so they tried to blame this company. Well, the name on the flange was misspelled and the project # used a different code
Come to find out, the Nigerian company bought the flanges and got a Chinese outfit to make similar flanges which obviously didn’t hold up and had planned to resell the first set Posted on 4/10/25 at 9:38 am to idlewatcher
China doesn’t play by the same rules and it’s been going on for decades. Trump haters blame it on Trump but he’s the only president who seriously tries to fix it.
Posted on 4/10/25 at 9:57 am to HailHailtoMichigan!
Fully decoupling two economies with over $700B/yr in trade with one another wouldn't be pretty. I have no issue taking a hard line against China but I'd prefer a more strategic approach. There's nothing Xi has ever done to cause us to expect him to capitulate.
And while it would be a last resort on China's part, let us not forget they own about $850B in US treasuries. I'm not implying we have the weaker hand but this could get VERY ugly for both countries in the short-medium term.
And while it would be a last resort on China's part, let us not forget they own about $850B in US treasuries. I'm not implying we have the weaker hand but this could get VERY ugly for both countries in the short-medium term.
Posted on 4/10/25 at 10:15 am to HailHailtoMichigan!
After Covid, I have no issue with 400% tariffs on China.
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