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Benzinga
Benzinga
Business
Vishaal Sanjay

Kevin O'Leary Backs Trump's Tariff Strategy: Calls It a 'Value-Added Tax,' Says He Can Be 'Very Pragmatic'

Investor and television personality Kevin O’Leary, AKA “Mr. Wonderful,” came out in defense of President Donald Trump’s trade and tariff policies, framing them as a strategic response to global trade imbalances.

What Happened: Speaking on the Impact Theory podcast on Wednesday, O’Leary explained that many of America's trade partners, including Canada and the European Union, already impose consumption taxes on U.S. goods through VAT systems.

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