Part 3/6:
Moving onto tariffs, O'Leary acknowledged that they effectively function as a consumption tax. He believes that establishing reciprocal tariffs—where both parties impose similar rates—could be a productive solution, particularly when it comes to trade negotiations with entities like the European Union.
He urged for a balanced trade relationship where tariffs could lead to better negotiations and outcomes, especially as tensions with China continue to loom large over economic discussions. O'Leary's focus on negotiation underscores his belief that the U.S. must adapt and plan for the realities of an ever-changing economic landscape.