Billionaire Kevin O’Leary, chairman of O’Shares ETFs, known as “Canada’s Trump,” said he does not see the U.S. Biden administration’s strategy of “uniting Europe with China” on the grounds that European countries will be reluctant to give up the opportunity to do business with China, and said “forming an alliance will not happen.
In response, he called on Washington to take “aggressive” measures to create a level playing field with China.
O’Leary pointed out that Washington should make Chinese companies in the U.S. market face heavy barriers, for those who have business with China’s U.S. companies should also do so, these measures include making listed Chinese companies in the U.S. delisting, Chinese companies excluded from the U.S. judicial system.
He said he is also a manufacturer in China, but faces obstacles when doing business in the Chinese market. He said, “I can’t sell my products there (China), but they (Chinese companies) enjoy benefits in North America and Europe.”
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