O’Leary: China Needs ‘A Lot More Squeezing’ than Trump’s Current Tariff Threat

EXCERPT:

O’LEARY: ”I think China is a completely unique situation, very different than Mexico, very different than Canada. China, since 1999, when they joined the WTO, has never abided by the rules in any single year, and they certainly don’t abide by IP law. And clearly, the fentanyl issue has been outstanding for years. In addition to that, from a manufacturing point of view, a company we all know well, Apple, does a massive amount of manufacturing and job creation there. I think the China deal is far more complex and requires a lot more negotiation than a weekend of just suspending tariffs for 30 days. If U.S. companies never get IP reciprocality, this is an economic war that’s unique. It’s an AI war. It may become a military war one day. China is just completely different, and I think they need a lot more squeezing than just this. I’m surprised there’s only 10 percent. I thought 400 percent would be a good place to start. It’s just — you can’t compare these three situations.”

(Via Breitbart)