‘This is the Moment!’ Kevin O’Leary Urges Trump to Find an ‘Off Ramp’ Out of Tariff Fiasco On Fox Business

Canadian entrepreneur and Shark Tank personality Kevin O’Leary joined Fox Business by telephone on Monday morning and urged President Donald Trump to quickly sign a zero-tariff deal with the European Union to end the escalating trade war he ignited with global tariffs last week.

“Joining me on the phone, Kevin, your analysis of what’s going on, please,” said anchor Stuart Varney.

“It’s all Euro right now because this is the test case right here. I think this is a really huge opportunity for Trump to find an off-ramp here in the administration because it’s not Vietnam, that’s not big enough, but EU has a huge aspect that is so important, and that’s on automotive,” O’Leary began, adding:

Because if you think about how restricted it’s been in Germany alone or in Switzerland or France about getting U.S. cars into those markets, they’ve been so punitively oppressed with tariffs, and they’re willing to wipe those out. So what you get to say is, look, in the interim where we’re building our own factories in the U.S. on whatever it is you want to look at.

I’m going to show you how it’s done with Euro. And the Eurozone has been brought to its knees. It’s willing to go zero-zero and open its markets up. And that’s the key, Stuart. The idea that you would open up the markets and set the path for every other negotiation of the other 59 countries, whether it’s Penguin Islands or whatever, it doesn’t matter. This is the opportunity. This is the moment. And if Navarro sees it that way and advises Trump and whether Lutnick sees it, but that’s what the market’s holding on to right now. The volatility is gonna remain extreme.

But this Eurozone deal is the beginning of a beautiful outcome, if you want to put it that. Then you get to say to everybody, look, it was a lot of volatility, but I got us there. That’s where I think the opportunity lies.

“If a big guy goes first and it’s positive, we got ourselves a nice rally,” Varney agreed.

The stock market closed down on Monday, with the Dow losing another 1% as Trump’s tariffs continue to rattle investors.

Watch the clip above via Fox Business.