From PJMedia.com
Famed entrepreneur and “Shark Tank” star Kevin O’Leary eviscerated Canada’s leadership for its defiant stance against U.S. trade policies, calling the rhetoric from Interim Prime Minister Mark Carney “sheer stupidity” and warning that the country is in no position to win a trade war with President Trump.
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Speaking on CNN, O’Leary, who is himself Canadian, reacted to Carney’s inflammatory remarks. The prime minister declared, “We are cutting off all ties to the United States. There’s no cooperation anymore.” O’Leary dismissed the statement as political posturing with no basis in economic reality.
“That, of course, is sheer stupidity,” he said. “Seventy-five percent of the output of the Canadian market for over a hundred years has been sold to the U.S., and 17 states in the U.S. call Canada their number one trading partner.”
O’Leary pointed out that despite Carney’s tough talk, Canada is economically dependent on the United States and cannot afford to play a game of brinkmanship with its largest trading partner. He argued that Carney’s remarks were more about political theatrics than sound economic policy.
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“If you wanna be tough and you wanna sound important and you’re trying to get elected and you’re the only person that can save every Canadian from the evil Trump, that’s exactly what you say,” O’Leary said, accusing Carney of exploiting anti-Trump sentiment to bolster his own political image.
He likened Carney’s rhetoric to that of Trump trade advisor Peter Navarro, who has declared that U.S. tariffs would remain in place indefinitely. O’Leary was equally dismissive of such claims, calling them nothing more than political noise meant to rally supporters rather than provide real solutions.
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“Navarro’s saying the same thing. ‘These tariffs are in perpetuity. We will fix this. We will push back the world’. All of this rhetoric and noise, it’s not the signal.”
O’Leary argued that the best path forward would be a trade framework in which tariffs are removed entirely. “It’s all noise. And in the end, I think everybody’s better off if we get to reciprocal tariffs of zero,” he said.
I think we all know that this is Trump’s goal, too. He wants free trade to actually be free trade. O’Leary emphasized that serious investors like himself look at the long-term picture rather than get caught up in the short-term panic created by political leaders.
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“So the countries you care about, that you wanna do business with, you end up with zero tariffs and you support a free trade mandate. It’s very hard to see that outcome in the cloud we’re in right now and all the rhetoric and jawboning, but if you’re an investor like I am, you think long term.”
While some have expressed concerns about rising inflation and housing prices, O’Leary cautioned that such economic shifts take time to unfold.
“Not two weeks, not two months,” he said, pushing back against the notion that immediate catastrophe was looming.
O’Leary noted that similar political grandstanding is happening in other countries as well. “Britain’s doing the same thing right now,” he pointed out. “You should hear the rhetoric in London today.”
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Mark Carney saying Canada is cutting off all ties with the U.S. is sheer stupidity. 75% of the output of the Canadian market for over a hundred years has been sold to the US, and 17 states in the US call Canada their number one trading partner. There is no way that’s going to… pic.twitter.com/PwXPVbYjxi
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) April 2, 2025
Ultimately, O’Leary was confident that the current wave of economic fearmongering would subside. “It too will pass,” he concluded, reinforcing his belief that Canada’s leadership needs to drop the empty threats and focus on practical solutions.
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All articles possibly rephrased by AI or InfoArmed.com
Rephrased from Trump Knows by InfoArmed