Shark Tank star Kevin O'Leary claims that Justin Trudeau is no match for President-elect Donald Trump given the Canadian prime minister's tax-and-spend policies and his lack of experience running a business.
Moving forward, Mr. Wonderful seems to think that Canada's economy will hardly be wonderful when it comes down to competition between Godzilla Trump vs. Bambi Trudeau because his home country will be "screwed" when the real estate mogul takes office in Washington on January 20.
Canada's economic approach, including the carbon tax, will make it difficult for the country to compete with the U.S., Canada's largest trading partner, O'Leary insisted during a recent interview on Canadian television network BNN. See video embedded below.
Against the backdrop of Trump's campaign promise to renegotiate the North American Free Trade Agreement (NAFTA) to make it more favorable to the American worker, Trudeau has indicated that he is willing to discuss NAFTA with Trump.
When it comes to trade-deal negotiations, millionaire investor/entrepreneur O'Leary likened the scenario to Godzilla vs. Bambi in that Trump's business experience will give him the upper hand over his Canadian counterpart. "It's going to be ugly…we have a big problem," O'Leary remarked, noting that the new president plans to triple U.S. energy production, which will leave Canada far behind.
Leaving aside NAFTA, O'Leary continued, Trump "is going to disavow the Paris [climate] accord and carbon taxation. They'll be no carbon tax in Detroit, in any of the shale states…we are going in the wrong direction in Canada…we are going into competition with the United States, and they have no carbon tax. He is going to reduce corporate to 15 percent. We're at 34 in some provinces. We're screwed."