'If I were the Chinese, I would rather deal with Trump now, than Trump or Warren later,' the 'Mad Money' host says.
"The Chinese keep making the same mistake: they think this is about the balance of trade ...when in reality it's about a whole lot more than that," the "It is about the free-trade contingent of the American political class versus the populist wing, Cramer said. Those factions exist within both the Republican and Democratic parties, and their approach to ending the long-running trade war varies, Cramer said.
Cramer argued the populists within President Donald Trump's White House will continue to get their way — and tariffs could maybe rise to 30% next month — unless Beijing takes steps to demonstrate the trade between the world's two largest economies is a net benefit. "How can they get a deal? I think they need to start buying American goods like tomorrow, to show Trump that the free-traders have a point and their strategy can still work," Cramer said, arguing those goods could include "grains, and planes, you name it."
"Otherwise, the hardliners win, the trade war keeps dragging on and ... depending on what happens in the election, it could go on for years," Cramer added.and Larry Kudlow, chief economic adviser to Trump, Cramer said.White House trade advisor
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The US and China clash over key trade issues as Trump threatens more tariffsChina has resisted key US demands including agricultural quotas and efforts to scale back the forced transfer of technology.
Leer más »
If we don't make a US-China trade deal, we'll raise tariffs: TrumpIf there’s no U.S.-China trade deal, “we’re going to substantially raise those tariffs,” President Trump said yesterday at the Economic Club of New York.
Leer más »
Trump threatens to escalate the U.S.-China trade war if there’s no dealPresident Trump said the United States will increase tariffs on Chinese goods if the first step of a broader trade agreement isn’t reached.
Leer más »
Will Trump derail U.S. case against Turkey bank after Erdogan meeting?A witness in U.S. custody is detailing a multi-billion-dollar sanction-busting scheme involving Iran and Turkey. But President Trump keeps protecting Turkey.
Leer más »
Diplomats: Trump Effort to Extort Ukraine ‘Undercut,’ ‘Damaged’ U.S.Alex Brandon-Pool/GettyLongtime U.S. diplomats outlined their discomfort and disapproval with what they described as a campaign by President Donald Trump’s allies to hijack Ukraine relations for Trump’s reelection, the central issue in Trump’s potential impeachment. George Kent, the deputy assistant
Leer más »
Convicted US soldier could soon have sentence commuted after Trump ordered review of charges, lawyer saysA US service member who was found guilty in 2013 of second-degree murder for ordering his men to fire on three men on a motorcycle in Afghanistan could soon have his sentence commuted by President Donald Trump, his lawyer told CNN late Tuesday.
Leer más »