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“It’s all Euro right now because this is the test case right here. I think this is a really huge opportunity for Trump to find an off-ramp here in the administration because it’s not Vietnam, that’s not big enough, but the EU has a huge aspect that is so important, and that’s on automotive,” O’Leary said.
According to O’Leary, Europe has long slapped harsh tariffs and regulations on U.S. carmakers—effectively keeping American-made vehicles out of Germany, France, Switzerland, and beyond. He claims the EU is now vulnerable and ready to negotiate.
“Because if you think about how restricted it’s been in Germany alone or in Switzerland or France about getting U.S. cars into those markets, they’ve been so punitively oppressed with tariffs, and they’re willing to wipe those out,” he added.
The message is clear: Trump can strike a historic deal that not only opens Europe’s markets to American goods but sets a new global standard for future trade talks. And O’Leary says it starts with dismantling the EU’s protectionist walls and showing the world what real leadership looks like.
“So what you get to say is, look, in the interim where we’re building our own factories in the U.S. on whatever it is you want to look at,” O’Leary explained, signaling that Trump’s long-term play could ignite a domestic manufacturing boom.
A breakthrough with Europe could act as a blueprint for Trump’s broader trade agenda. O’Leary sees this moment as a potential turning point—not just for the economy, but for the entire Trump presidency.
“I’m going to show you how it’s done with the Euro. And the Eurozone has been brought to its knees. It’s willing to go zero-zero and open its markets up. And that’s the key, Stuart. The idea that you would open up the markets and set the path for every negotiation of the other 59 countries, whether it’s Penguin Islands or whatever, it doesn’t matter,” he said.
But the path to victory isn’t guaranteed. O’Leary warned that if advisors like Commerce Secretary Howard Lutnick and trade guru Peter Navarro continue pushing hardline protectionism, the markets could remain in a state of violent swings and uncertainty.
“This is the opportunity. This is the moment. And if Navarro sees it that way and advises Trump and whether Lutnick sees it, but that’s what the market’s holding on to right now. The volatility is gonna remain extreme,” O’Leary cautioned.
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Still, O’Leary’s tone was more hopeful than hesitant. He believes President Trump has waited his entire life for a trade victory of this magnitude—and this may be the moment he finally seizes it.
“But this Eurozone deal is the beginning of a beautiful outcome, if you want to put it that. Then you get to say to everybody, look, it was a lot of volatility, but I got us there. That’s where I think the opportunity lies,” he concluded.
As Trump redraws the world’s economic map, one thing is certain: with powerful allies like O’Leary backing him, the globalists may be in for the fight of their lives.
