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The CEOs of companies with outsized exposure to China are anticipating that the United States will escalate trade tensions even further by extending tariffs to more Chinese products, CNBC’s Jim Cramer said Tuesday.
Though President Donald Trump’s trade strategy is “flawed,” a 25% tariff on all Chinese imports could force the country to change its practices, he said.
“Even CEOs who would never vote for Trump are willing to see their own earnings cut if it means they can get a more level playing field down the line,” the “Mad Money” host said. “Yeah, their trade practices are really that bad and only the ‘punditocracy’ refuses to admit it, either because they’ve bought into the myth of…
Source cnbc.com
