AMNA NAWAZ: For one view on# President Trump's trade wars,## we turn now to Kevin O'Leary.

He's# a businessman, celebrity investor,## and a regular member of the show "Shark# Tank," where he's known as Mr.

Wonderful.

Kevin O'Leary, welcome to the# "News Hour."

Thanks for joining us.

KEVIN O'LEARY, Founder, O'Leary# Ventures: Great to be here.

Thank you.

AMNA NAWAZ: So let's start with this legal## back-and-forth when it comes# to the president's tariffs.

Just today -- and things are changing# fast, I should note -- but, as we speak,## two federal courts have blocked those# tariffs from going into a place.## An appeals court has granted the# president a temporary stay.

Is## it clear to you and other business leaders# where things stand right now on this front?

KEVIN O'LEARY: It shows that the executive# in this case -- and this happens in every## administration -- is pushing the boundaries in# terms of what they believe they can do without## getting any kind of feedback from the# courts.

And the courts are feeding them back.

And we're seeing Trump is pushing the# edge.

And if you're an investor like I am,## you don't really care about the politics.# You certainly don't make money on politics.## You make money on policy.

So you're# trying to figure out as you watch## these signals what the endgame is going# to be.

What is the policy going to be?

Trump is unique in the --# if you look back in history,## no administration has ever tried to# negotiate 60 deals simultaneously,## of which 18 matter.

They're 70 percent of the# trade.

And so it's going to take a little longer.

The courts are telling you through# these decisions that not so fast,## Baba Looey, as they say.

You got to go through# a process.

And that's exactly what's happening.

AMNA NAWAZ: Well, let me ask you about# the endgame and how you look at it here.

I'm sure you have heard this whole TACO# term that's come up.

It stands for,## Trump always chickens out, referring to# the markets tumbling after additional## tariff threats and then rebounding# sharply when he reverses course.

And the president got very angry when he# was asked about that term yesterday.

But,## by one count, Kevin, he's flip-flopped,# postponed or reversed course at least 21## times so far.

You know the man.

Is# this negotiation tactic or chaos?

KEVIN O'LEARY: You have got to learn# with Trump -- now this is his second## term -- that there is a lot of# noise and then there's a signal.

These are two different things.

If you# focus on the noise, you get distracted,## and 50 percent of the market and 50 percent# of the world has Trump derangement syndrome.## And I completely understand that.

I don't# bother with that.

That's a waste of time.

I focus on the signal.

The signal# he's sending out since the beginning,## since his first mandate since his first# term, is, he's not happy with the trade## situation worldwide vis-a-vis access to the# U.S. markets, and he wants to balance them.

Clearly, what Trump is doing here, with the# 17 countries, including the E.U., Britain,## India, Japan, Canada, Mexico, is a set of new# trade terms.

And I think we're going to get## kind of to a reciprocal 10 percent.

That's my# own assumption.

I'm investing that way.

And,## so far, the markets have rewarded# me for taking the long view.

China is a separate deal.

It's a completely# separate kettle of fish.

And I'm very glad## that they came to the table in Geneva a few# weeks ago.

And that's ongoing too.

With Trump,## whether you would like him or hate him, and# it's 50/50, focus on the signal, not the noise.

You will get nowhere with the# noise.

The signal is what matters.

AMNA NAWAZ: So let me ask you about# another policy you have been vocal on,## because we should note you do teach at# Harvard Business School.

And you have been## critical of the White House policy to block# international students from enrolling there.

Why is that?

What do you think the# president's missing on this front?

KEVIN O'LEARY: I'm also critical of the# stance that Harvard's taken.

And I have## to be careful.

I'm an executive# fellow.

I support -- let me just## disclose my association with Harvard.

I'm an# executive fellow there.

I have been for years.## I support the entrepreneurship program.

I# teach international students and domestic## students in the executive programs,# the MBA, and the undergrads as well.

And also to disclose, my son, who's an engineer,# was accepted at Harvard, and MIT, by the way,## this year, and chose Harvard to go to school# there.

I think what has to happen is the president## of Harvard, who, by the way, is Jewish, and he# doesn't have a single antisemitic bone in his## body -- and so -- and many of the professionals# I work with there are Jewish as well.

So I don't think it's an antisemitism issue# at Harvard.

Harvard cannot win the battle## by suing the president of the United States.# The president of Harvard has to get together## with the president of the United States and# work out whatever they're going to work out.

Now, regarding the students -- and you# need to understand something here that## I think I'm very passionate about.

Harvard,# the oldest educational institution in America,## curates a remarkable cohort every year.

They're# agnostic to religion, to race, to geography.## They find the very best of the very best# of the very best worldwide, and they put## them into an educational institution to advance,# learn, to advance science, to advance research.

And they are the very best at it worldwide, until# recently.

In terms of spending dollars right now,## number one in the world is in Beijing.# Number two is Harvard.

And so America## should understand we're in a race on research# because this is where the science comes from.

If we curate these people, and they come to# America and they check out, their background## checks have checked out, why don't we offer# them the ability to stay here and advance here,## to grow their businesses here?

Why would we# train 37 percent of the smartest people on## Earth at Harvard and then kick them out of the# country 24 months later?

How stupid is that?

Why don't we fix this now in this negotiation?# Create a program and offer it to every single## educational institution in America and say,# look, if you're willing to make the pass,## if you get actually invited, if you make# the cut and you're invited to Harvard or## to MIT or to Temple or to Notre Dame, I# don't care.

It doesn't matter which one.

And you're willing to go through the scrutiny# of background check, and we approve you,## we will give you the golden ticket to stay# here, because I teach these students.

They## don't hate America.

They want to stay here.# They're the smartest of the smartest people## on Earth I have ever worked with.

They're# young.

They're incredible individuals.

Why in the world would you want to kick them out## of here to go back to even a competing# economy that decades later they build## businesses to compete with us?

How# stupid is that?

Let's fix this now.

AMNA NAWAZ: Kevin O'Leary, thank# you so much for making the time## to join us tonight.

Please come back# again soon.

We appreciate your time.

KEVIN O'LEARY: Take care.