Star ‘Shark Tank’ Kevin O’Leary wants Trump to hit China with 400% fee: ‘Squeeze Chinese heads on the wall now!’

“Shark Tank” star Kevin O’Leary thinks President Trump is very gentle for China and that 104% fees imposed on Beijing should fourfold.

Canadian businessman and television personality appeared on CNN on Tuesday and called for a dramatic escalation in American trade pressure on China – asking the Trump administration to set up to 400% fees to force Beijing in serious negotiations on intellectual property theft and trade practices.

O’Leary, who is known by the nickname “Mr. Wonderful” for his unclear and bluster ways, added: “Time to squeeze Chinese heads on the wall now!

Tensions between the two economic giants have been turned on again in recent months.

After Trump proposed a 10% fee for Chinese imports in January, the number is quick to over 100%.

Beijing responded with its counterpoint – raising their fees for US imports from 34% to 84% – stirring a trade clash and a hot rhetorical battle.

Global markets collapsed on Wednesday after the implementation of new US tariffs and rapid retaliation from China, promoting investors’ anxiety and setting Wall Street for another unstable session.

The bond market got a big hit, with a sale at Treasurys in the US drawing special attention.

The yield in the 10-year note-a reference point for countless loans and investments-up to 4.47% before it is located about 4.42%.

Traders mentioned the growing concern before future treasury auctions, including 10-year notes Wednesday and 30-year-old bonds on Thursday.

This tension was poured into net capital. The Japan standards index plunged 3.9%, while European shares poured about 4%, underlining the global extent of economic jeans.

Oâ € ™ Leare, who has done business in China for years, accused the Chinese government of violating systemic intellectual property.

“They do not play according to the rules. They have been in WTO for decades, they have never respected any of the rules they agreed on when they entered,” he said.

“They deceive, they steal. They steal IP. I can’t judge in their courts. They get product technology, they steal it, produce it and sell it here.”

CNN Laura Coates Hospiter pushed back, questioning the extreme nature of his proposal: â € 400% tariff? Â €

Inadequate, Leare doubled.

“I want [President] XI [Jinping] on a plane in Washington to level the playing field. This is no longer about tariffs, ”he said.

“No one has taken China yet. No Europeans. No administration for decades.â €

He insisted that many American innovators and business owners feel the same disappointment, pointing out that their work is often copied without consequences.

“I talk about millions of Americans who have IPs stolen by the Chinese,” he said.

“I have nothing against the Chinese people. They brought to the world literacy, great art and technology. The government deceives and steals and finally an administration – you may not like Trump, you may not like its style or rhetoric – finally, an administration that decides and says â € € € € € € € € € lace € € lace € € lace € € lace € € lace € 400% Tariff in the morning!

Oâ € Leary argued that China’s economy, deeply dependent on exports, would be forced to bow under the extreme pressure of tariffs.

â € œThe can only stand the Supreme Leader if people are employed, he said.

“If we delete every business there – because we are still 39% of all land expenses and 25% of the world’s GDP – America is the number one economy on Earth with all cards.”

He added: “We won’t have it forever. Time time to squeeze Chinese heads on the wall now!