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On Fox Business, Kevin O’Leary didn’t mince words when explaining how China has made a habit of manipulating U.S. markets — and why now is the time to squeeze them into a fair deal. Appearing with Elizabeth MacDonald on “The Evening Edit,” the “Shark Tank” star laid out a sharp and urgent case for getting tough with Beijing.
“Let’s remember how China operates,” O’Leary said. “You don’t have to go back very far to the DeepSeek story. China loves to mess with our markets. They love to drop a bomb at the right time.” O’Leary pointed to how a Chinese company recently inflated its value based on phony artificial intelligence claims, duping investors before the truth came out. “They raised almost a trillion dollars with a market cap… which turned out to be complete BS later,” he added.
O’Leary stressed that he has no quarrel with the Chinese people themselves, but said the Chinese government plays a different kind of game. “There is a negotiation going on here. It’s a dance. We’re starting the dance,” he said. “I don’t care how the sausage is made. I’m one of those guys that are saying, ‘Let’s solve everything, not just tariffs with China.’”
While much attention has been placed on trade skirmishes with Europe or India, O’Leary insisted China remains the “big kahuna” problem.
