Kevin O'Leary suggests current market could be 'buying opportunity of a lifetime'

“Shark Tank” investor Kevin O’Leary suggested Wednesday that the current market could be the “buying opportunity of a lifetime.”

“It’s a buying opportunity of a lifetime,” O’Leary said in an appearance on the BBC. “Or, it’s free trade in a much better way in six months, you just don’t know, but if you can’t deal with the volatility and you’re frozen, you’re missing a huge opportunity.”

On Wednesday, President Trump ratcheted up tariffs to 125 percent on China and implemented a 90-day pause on “reciprocal” tariffs against all other trading partners except China.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump said on his Truth Social platform.

After the president’s announcement of tariffs last week, markets across the globe faced intense instability and anxieties around the worldwide economy dramatically rose.

The decision by the president to halt the higher “reciprocal” tariffs, which affected 60 countries early Wednesday, resulted in a swift market surge. Shortly after Trump’s post, the Dow Jones Industrial Average rose by 2,000 points.

Treasury Secretary Scott Bessent said to reporters at the White House after Trump’s post that the pause is due to countries’ desire to negotiate a deal with the Trump administration to reduce their tariffs, with the exception of China.

“I look at this and say to myself, ‘Wait a minute, if I can actually sell goods and services in the U.K. with zero tariffs, I’m really interested in investing in the U.K.,’” O’Leary said of possible outcomes from Trump’s tariffs.