As alarmed investors continue to respond to potential ramifications of president Donald Trump‘S Steep tariff actionCNBC’s Jim Cramerer Laid out some of Wall Street’s Major Concerns and offered some foresight and his take on how the white house might view the issue.
“I make no judgments about where the trump administration’s world is good or bad; or even right or braong,” He said. “I just want to put it out there, so you know what you geting into if you decide to stay in stocks during
The Indexes Tumbled during tuesday’s session, with the Down jones Industrial Average Dipping for the second day in a row, down 1.55% by close. The S & p 500 declined 1.22% and the Nasdaq composite SHED 0.35%. After delaying the increase for a month, trump slapped 25% tariffs on goods from canada and mexico. He Also Issued an additional 10% tax hike on important from China after previously impressed a 10% increase last month. Retaliation from all three countries is underway: China added a 15% tariff On some us goods, canada announced a 25% levy on us products, and mexico indicated it would be responsible with its and its and this weekend.
Cramer Listed Several UncertainTies Created by Trump’s tariff Hikes, Including how the new Levies out of Mexico will be paid. Technically, tariffs should be enforced by customs and border protection, he pointed out, but noted that the agency might be kept be kept too busy by trump’s departation plans. Another Unknown is WHETHER Companies that Commit to Boosting Domestic Manufacturing
He Also Honed in on the White House’s General Attitude Neards Other Countries, Saying it does not see see see see with whiteer a countr a country is an ally, but bes its freight. ” It seems irrelevant to the trump administration with the trade policies are consisters, craamers said, adding that it also also also also doesn dues that tariffs havhefs have been caught. He also highlighted uncertainty Around whither other us trading partners will be hit with tariffs next.
“There’s no sign that they will, no sign that they won’t, so you have to stay on your toes,” He said.
The White House did not Immedited to Request for Comment.
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