NOW: Kevin O’Leary tells tariff doomsayers to calm down—markets will be fine and Trump’s trade deals are getting LOCKED in.
In other words, stay the course.
While left-wing pundits melt down over a minor dip in the markets, Mr. Wonderful says the tariff hysteria is overblown.
“All of these are little situations here and there on trade policy,” O’Leary said, adding that long-term stability is coming as new deals take shape.
“To me and to the investors out there, we see a stabilization between 10% and 15% for countries that eventually get some kind of deal.”
He pointed to Canada as the reason for today’s correction:
“The reason the market’s selling off, in my opinion, this morning is one of the largest trading partners is in limbo right now—that’s Canada.”
“Mexico got a stay of execution. Canada does not. Markets are roiled about that.”
Tensions, he says, were sparked by Canada’s Gaza statements, which Trump didn’t like...but O’Leary believes a resolution is coming.
“I’m hoping in the next 24 hours, something gets worked out, at least an extension.”
“No one has ever done a hundred deals in six months,” he said, adding that a 10–15% rate is manageable.
“Canada is now facing 35. Not good. That is where we have volatility back in the indices.”
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