India, April 9 -- Kevin O'Leary, a Canadian businessman and Shark Tank star, called for "400%" taxes on China to compel Beijing to the bargaining table. While making an appeal to US President Donald Trump to go harsher on China, he criticized the Chinese government for stealing intellectual property of the United States.

"104% tariffs in China are not enough. I'm advocating 400%," O'Leary stated during his appearance on a CNN panel on Tuesday night.

Beijing retaliated with a 34% tariff on US goods after Trump proposed a 10% tariff on Chinese imports in January. Less than three months later, the rate has risen to 104%, sparking a full-fledged verbal as well as economic battle.

O'Leary, a fervent Trump supporter, demanded that the presid...