Kevin O'Leary says the US needs to go 'DEFCON 19 against China' and break the country with heavy tariffs

Tech Insider : Economy, Politics
Kevin O'Leary judging contestants on Shark Tank; Chinese President Xi Jinping speaking at the China-Arab States Cooperation Forum in Beijing, China.
Kevin O'Leary called for the imposition of heavy tariffs on China during an interview with Fox News on Sunday.

Christopher Willard/ABC via Getty Images; Tingshu Wang-Pool via Getty Images

America's trade war is coming for Gen Z's favorites

Tech Insider : Economy
A stock arrow dragging a Temu grocery basket upward
Gen Z could see higher prices in the coming years when they buy from Shein and Temu.

Yevgen Romanenko/Getty, Tyler Le/BI

A researcher who studied Trump's plans to control the Fed said it could tank the economy

Tech Insider : Politics
Donald Trump looking at Jerome Powell
An economist said that undermining the independence of the Fed could shrink the American economy and cause capital to flow to other countries.

Drew Angerer/Getty Images

This House Democrat is backing Trump's 10% tariff plan — and he even has a bill to get it done

Tech Insider : Politics, Economy, Economy
Rep. Jared Golden
Democratic Rep. Jared Golden of Maine introduced a bill to enact a 10% tariff on all imported goods.

Bill Clark/CQ-Roll Call via Getty Images

A Chinese EV maker was slapped with a 36% tariff. The company said the EU wanted too much information.

Tech Insider
A woman walks past the gate of SAIC Motor Corporation Limited in Shanghai January 26, 2013. REUTERS/Aly Song
SAIC faces a 36% tariff from the EU for non-cooperation and unfair subsidization.

Thomson Reuters

The EU slapped massive tariff hikes on China's EV giants. Investors don't seem to care.

Tech Insider
Employees work on an EV factory assembly line in China.
Employees work on an EV factory assembly line in China.

VCG/Getty Images

Trump's plan to tax the entire world will result in the type of global trade war not seen since the Great Depression, think tank says

Tech Insider : Economy, Politics
Trump
Former President Donald Trump.

Scott Olson/Getty Images

Elon Musk says he didn't ask for Biden's tariff on electric vehicles from China

Tech Insider : Politics
Elon Musk.
Elon Musk spoke at the VivaTech conference in Paris on Thursday.

Apu Gomes via Getty Images

Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them

Tech Insider
A red Buick Envision SUV with black wheels parked on a driveway.
A 2024 Buick Envision Sport Touring

GM-DESIGN

Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it

Tech Insider : Economy
Jamie Dimon.
JPMorgan Chase & Company Chairman and CEO Jamie Dimon testifies at a Senate Banking Committee annual Wall Street oversight hearing, Sept. 22, 2022, on Capitol Hill in Washington.
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