Investors are under a false impression that 'we may be having a thaw in our trade war with China,' Jim Cramer says.
by Beijing to exempt 16 types of American products from additional tariffs, including food for livestock, cancer drugs and lubricants.
On Thursday, the Dow Jones Industrial Average saw its seventh positive session in a row for the first time since May 2018. It is now on pace for its third positive week in a row along with the S&P 500 and Nasdaq. While the postponement is a positive development, Cramer said investors have to remember why Trump began the trade war in the first place.
"He was focused on the trade deficit," Cramer said. "If the Chinese Communist Party had simply stepped up and bought a lot more goods from the United States, they probably could've nipped this whole thing in the bud." "But they didn't," he continued. "And now the president's digging in his heels, insisting that China address all sorts of inequities — the stuff that really matters, as far as I'm concerned. That's why the Chinese response to the president's two-week reprieve is so tone deaf. We're way too late in the game for him to be appeased by a soybean buy."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jim Cramer endorses Elliott Management's stake in AT&T: 'I bet the upside is huge'I think you should be buying the stock of AT&T, Jim Cramer says.
Baca lebih lajut »
Wall Street CEOs Want Elizabeth Warren 'Stopped' Says Mad Money's Jim CramerWall Street CEOs want Elizabeth Warren 'stopped,' says Mad Money's Jim Cramer
Baca lebih lajut »
Why Jim Cramer thinks Apple's new iPhone 11 could be a boon to Facebook's Instagram'When you see those terrific camera options for the new iPhone, you know what that's for?' asks Jim Cramer. 'Instagram.'
Baca lebih lajut »
Stocks rally as Trump delays tariffs on China — Cramer and other experts weigh inStocks rallied after President Trump made 'small concessions' to China on trade, and the European Central Bank made dovish moves. Three experts break down what comes next.
Baca lebih lajut »
Buy the stocks of high-quality companies in the market that investors are dumping, Jim Cramer says'If this market wants to toss out high-quality merchandise, let their trash be your treasure,' the 'Mad Money' host says.
Baca lebih lajut »
Everything Jim Cramer said about the stock market on 'Mad Money,' including how to play the rotation, gold and bond prices, and VMwareJim Cramer says buy the stocks of high-quality companies that big funds are selling, gold and bond prices could be peaking, interview with VMware COO and AT&T
Baca lebih lajut »