Kevin O’Leary: Why Trump Might Save Us, China Can’t Compete, and the Middle Class Is Screwed | PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 29 July 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this powerhouse episode of Impact Theory, Tom Bilyeu sits down with the legendary investor and entrepreneur Kevin O’Leary, famously known as “Mr. Wonderful” from Shark Tank. With his trademark candor and economic insight, Kevin breaks down what's really happening with America's global negotiating power, the controversial tactics of Donald Trump, and how America's financial future hangs in the balance. Tom and Kevin take you behind the headlines to dissect America's true leverage in global trade, the economic chess match with China, and what investors should be watching for in the chaos of tariff wars and shifting alliances. This conversation is essential listening for anyone concerned about economic security, the future of US policy, and the policies shaping markets worldwide. Get ready for an unfiltered perspective on tariffs, taxation, and the fate of American innovation. SHOWNOTES00:00 – America’s Precarious Position & Global Leverage01:05 – Are Tariffs Hurting or Helping? Trump’s Negotiating Style03:00 – How Value Added Taxes Shape Trade Deals04:18 – Political Chaos vs Policy Outcomes06:53 – Investor Mindset in Uncertain Times08:35 – What Would Ring Kevin’s Alarm Bells?11:01 – China: The Real Economic Battleground13:08 – How China Rose by Ignoring the Rules16:28 – TikTok, Nvidia, and the Next Phase of US–China Relations19:33 – America Gets “Screwed” One Innovation at a Time FOLLOW KEVIN O’LEARYInstagram: https://www.instagram.com/kevinolearytv/Twitter: https://twitter.com/kevinolearytvYouTube: https://www.youtube.com/@kevinolearytv SUPPORT OUR SPONSORS Vital Proteins: Get 20% off by going to ⁠https://www.vitalproteins.com⁠ and entering promo code IMPACT at check out SKIMS: Shop SKIMS Mens at ⁠https://www.skims.com/impact⁠ #skimspartner Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit ⁠https://sleep.me/impact⁠ to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Jerry: Stop needlessly overpaying for car insurance - download the Jerry app or head to ⁠https://jerry.ai/impact⁠ Shopify: Sign up for your one-dollar-per-month trial period at ⁠https://shopify.com/impact⁠ CashApp: Download Cash App Today: ⁠https://capl.onelink.me/vFut/v6nymgjl⁠ #CashAppPod iRestore: For a limited time only, our listeners are getting a HUGE discount on the iRestore Elite when you use code IMPACT at ⁠https://irestore.com/impact⁠ What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business:⁠⁠⁠ join me here at ZERO TO FOUNDER⁠⁠⁠ SCALING a business:⁠⁠⁠ see if you qualify here.⁠⁠⁠ Get my battle-tested strategies and insights delivered weekly to your inbox:⁠⁠⁠ sign up here.⁠⁠⁠ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,⁠⁠⁠ Tom Bilyeu’s Mindset Playbook⁠⁠⁠ —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS:⁠⁠⁠ apple.co/impacttheory⁠⁠⁠ ********************************************************************** FOLLOW TOM: Instagram:⁠⁠⁠ https://www.instagram.com/tombilyeu/⁠⁠⁠ Tik Tok:⁠⁠⁠ https://www.tiktok.com/@tombilyeu?lang=en⁠⁠⁠ Twitter:⁠⁠⁠ https://twitter.com/tombilyeu⁠⁠⁠ YouTube:⁠⁠⁠ https://www.youtube.com/@TomBilyeu⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	America is in a precarious position. We show no signs of being willing to cut spending,
0:05.0	so without massive growth, we will go bankrupt. But where is that growth going to come from?
0:11.1	We're supposed to be the ultimate deal maker on the global stage. We're supposedly the
0:14.9	ones holding all of the leverage. Donald Trump claimed he knew the art of the deal better than
0:19.1	anyone, but what's the reality behind America's negotiating power?
0:23.0	Are we making progress or have we lost our edge?
0:26.1	Today, Kevin O'Leary, one of the most candid and incisive economic and entrepreneurial minds around,
0:31.7	joins me to give a rare inside look at what's really happening.
0:35.0	If you want to ensure your economic future, you are not going
0:37.9	to want to miss Kevin's take on China, taxes, and the future of the economy. This is an episode
0:43.3	you simply can't afford to miss. Without further ado, I bring you Kevin O'Leary. America prides itself
0:51.8	on having the most leverage internationally on trade.
0:56.0	Trump was supposed to use that strength to help America win.
1:00.0	From your vantage point, though, are we winning or are we now falling short?
1:05.0	Well, it depends which index you want to use to determine success.
1:09.0	If you look at the stock market, market
1:11.6	cap valuation, the market is happy with the outcome of the tariff wars so far.
1:18.6	Inflation hasn't come back yet, although many, many pundits believe that you just have to wait
1:24.6	a couple more quarters. It probably, as a result of the
1:28.5	uncertainty, has stalled the Fed for any rate cuts, which is frustrating Trump. You hear that every
1:32.9	day. I think Powell is wise to wait and see what happens as this comes through the system.
1:39.1	But I want to make a point about the actual tariffs themselves and how you should look at it as
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