Kevin O’Leary says the US needs to devise economic competition with China

Acknowledging that he is a “hawk” against China, Kevin O’Leary on Monday called for “extremely aggressive” steps to balance economic conditions between the United States and China.

ETF Chairman O’Shares told CNBC’s Hadley Gamble that the United States should make Chinese companies face barriers in the U.S. market that he said are similar to those US companies China deals with.

This could include the write-off of Chinese stocks and the closure of Chinese companies in the US judicial system, O’Leary said, adding that it is a Chinese producer, but faces barriers to sales in the Chinese market.

“I can’t sell my product there, and yet it enjoys these benefits in North America and Europe,” the famous investor for CNBC’s “Capital Connection” said on Monday.