Jim Cramer expects ‘extra negatives’ about China from Trump subsequent week
“I feel that the president is holding the warmth on. I count on extra negatives about China,” Cramer mentioned on “Squawk on the Street.”
Cramer’s remarks Thursday come as the connection between the U.S. and China continues to develop more and more frigid, following a quick cooling in January after the 2 sides agreed to a phase-one trade agreement. Nonetheless, China is reportedly far from meeting its commitments on items purchases beneath the deal, which was reached after a back-and-forth tariff battle between the world’s two largest economies that started in 2018.
At a White Home briefing Monday, Trump mentioned the commerce deal now means “very little in the overall import of things,” then once more criticized China’s dealing with of the coronavirus and blamed the nation for the pandemic.
“We view China otherwise than we did eight months in the past….