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 discontinuance on tariffs for most countries. The exception used to be China, whose tariffs imposed by the U.S. surged to 145% as a commerce fight escalated. China retaliated by rising its tariffs on U.S. items to 125%.
The converse has vastly impacted stock prices, bond yields and the worth of the buck — making many American citizens worried about their 401(ok) plans, IRAs (Particular person Retirement Accounts) and retirement savings.
Kevin O'Leary, the entrepreneur, investor, and TV personality of ABC's Shark Tank repute, just nowadays spoke bluntly about his views on tariff protection, namely referring to U.S.-China tensions.
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