Kevin O’Leary

Scott Mlyn | CNBC

“Mr. Wonderful” Kevin O’Leary told CNBC on Tuesday that he’s encouraged by President Donald Trump’s “new ideas” on trade amid the U.S. conflict with China.

“I like what this administration is doing by being … trying new ideas” on trade, O’Leary said on “Fast Money Halftime Report. ” “Because to me it’s starting to work.”

O’Leary’s comment was in response to a tweet from the president earlier Tuesday complimenting the “Shark Tank” host.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”