Celebrity investor Kevin O’Leary called for ‘extremely aggressive’ steps to level the economic playing field between the U.S and China, according to CNBC. O’Leary says Washington should make Chinese entities face barriers in the U.S, similar to those that American companies face in the Asian country.
O’Leary advocates for delisting of Chinese stocks and shutting of China’s companies out of the U.S court system.
O’Leary speculated that European countries would not take a strong stance against China since they rely on it.
O’Leary believes the U.S has the latitude against China as its economy is still the world’s largest.
The celebrity investor lauded former President Donald Trump for having the “right policy” against China, saying Beijing understands threats.
U.S President Joe Biden has said Washington and its allies need to hold China accountable for its “abuses and coercion” that threaten the international economic system.
O’Leary comments come when several Chinese companies have already been removed from the New York Stock Exchange this year.
