Investor Kevin O’Leary, “Mr. Wonderful” from “Shark Tank,” believes the U.S. market is stabilizing due to Trump’s workaround on tariffs. O’Leary points to GM adapting to tariffs by absorbing costs, passing to consumers, and using AI. He argues Trump’s tariffs act as a consumer tax substitute.

Despite O’Leary’s optimism, the American Automotive Policy Council opposes a trade deal with Japan lowering tariffs on Japanese auto imports to 15%. GM faces a $1.1 billion hit from tariffs, while Stellantis reported $350 million in losses. The White House defends the Japan deal, citing benefits for American automakers.

O’Leary notes the market is gaining confidence, downplaying concerns over recent trade deals. The situation remains fluid as criticism mounts against the Japan and U.K. trade deals. Despite challenges, O’Leary remains positive, urging patience for long-term market performance. Warren Buffett’s advice on passive income is highlighted.

Read more at Yahoo Finance: Kevin O’Leary Says The ‘Tariff Drama’ Is Settling And The Market’s Calming Because Trump ‘Found The Loophole’