Shark Tank's Kevin O'Leary sends strong message on tariffs, China
As Americans worry about 401(k)s, IRAs and retirement savings, the investor and media personality offers his perspective.
On April 9, President Donald Trump announced a 90-day pause on tariffs for most countries. The exception was China, whose tariffs imposed by the U.S. surged to 145% as a trade battle escalated. China retaliated by increasing its tariffs on U.S. goods to 125%.
The situation has greatly impacted stock prices, bond yields and the value of the dollar — making many Americans nervous about their 401(k) plans, IRAs (Individual Retirement Accounts) and retirement savings.
Kevin O'Leary, the entrepreneur, investor, and TV personality of ABC's Shark Tank fame, recently spoke bluntly about his views on tariff policy, particularly regarding U.S.-China tensions.
