Snap, I have that same clone wire-stripper and same B-30 wire. (I also have a proper Knipex Multistrip somewhere, but I can't find it).
This is not a very good recommendation because these clone tools are so variable; what works for you might not work for others, especially if their wire is slightly different!
I can make that tool strip some wires, especially PVC.
Subject it to better insulation, and it's very variable. It can manage some reels of Tefzel wire that I have (if I squeeze it at a certain speed and with a certain amount of strip distance), but won't work if I vary those parameters, and on some reels of Kynar it's completely out of it's depth as a wire stripper. With PTFE it's worse than any other tool I own; it just stretches the insulation a little bit.
That wire in your photo is misleading, it looks like it might be Kynar or Teflon but it's actually PVC. It's so soft, you can strip it with fingernails, no need for a wire stripper actually. The photo shows an end that I stripped with fingernails.
I bought that reel in the hope it was Kynar, but it wasn't. You can see in the photo that I put a warning label on it so I don't confuse it, but really I should just throw it out. I never use it.
All the rest of the 30 AWG wire I own is either Kynar/Tefzel or PTFE.
In summary, that tool and PVC wire is good from far, but far from good. If you're on a budget, you may as well just buy a used (better) tool from ebay.