The Fox News Rundown Extra: Kevin O’Leary’s Blueprint for A More Affordable America
Jan 18, 2026
Kevin O’Leary, a prominent entrepreneur and investor known for his role on Shark Tank, dives into the implications of a looming Supreme Court ruling on tariffs. He discusses the potential for massive refunds and how tariffs inflate costs. O’Leary stresses the urgency of investing in energy infrastructure to enhance the U.S. economy and tackle affordability issues. He insists healthcare is the biggest challenge, calling for bipartisan action, and promotes natural gas as a swift solution for boosting power generation and competitiveness.
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Reciprocal Tariffs Are Traditional Policy
- Tariffs are a long-standing trade tool and often mirror reciprocal taxes abroad.
- Reciprocal tariffs on jurisdictions that tax U.S. goods will likely remain after the ruling.
Emergency Tariffs Could Trigger Refunds
- Emergency tariffs like those tied to fentanyl face legal challenges and may be refunded.
- Companies will need new refund application mechanisms if the Supreme Court orders returns.
Prepare Refund Infrastructure Now
- Build infrastructure to help companies reclaim tariff costs and stabilize consumer prices.
- Prepare application processes now so companies can recover funds quickly if refunds are ordered.