Results 1 to 5 of 5
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
09-18-2018, 11:34 AM #1
Cramer: Trump's new China tariffs signal the 'game is over' to Apple and other US com
Cramer: Trump's new China tariffs signal the 'game is over' to Apple and other US companies
President Trump has made it very clear that U.S. companies who do business with China will be impacted by his tariffs, CNBC's Jim Cramer says.
"The president is not sensitive to the companies that make a lot of money in China from our country," Cramer says.
On Monday evening, the Trump administration announced 10 percent tariffs on another $200 billion worth of Chinese imports.
Berkeley Lovelace Jr.
Published 26 Mins Ago
Updated 6 Mins Ago CNBC.com
President Donald Trump has made it very clear that U.S. companies who do business with China will be impacted by his tariffs, CNBC's Jim Cramer said Tuesday.
"I think the president is saying, 'Hey, listen guys, you are not going to make as much money in China as you used to. That game is over,'" Cramer told "Squawk on the Street."
The trade conflict between the world's two largest economies heightened Monday evening after the Trump administration announced it will impose 10 percent tariffs on another $200 billion worth of Chinese imports.
Those duties will rise to 25 percent at the end of the year.
In response Tuesday morning, Reuters reports that China said it will institute tariffs on U.S. goods worth $60 billion on Sept. 24.
China is reviewing plans to send a delegation to Washington for trade talks, the South China Morning Post reported on Tuesday, citing a government source in Beijing.
"The president is not sensitive to the companies that make a lot of money in China from our country," Cramer said. "They are the ones that we sacrificed."
The Apple Watch and various other consumer gadgets are being exempted from this newest round.
However, some Apple products will still be affected.
Meanwhile, Macy's CEO Jeffrey Gennette on Monday night said at Recode's Code Conference that tariffs will start to effect Macy's and other department stores more significantly than other businesses.
That's because of their impact on apparel, he told CNBC's Courtney Reagan on the stage, adding Macy's is taking a variety of steps to address that issue.
https://www.cnbc.com/2018/09/18/cram...a-tariffs.htmlA Nation Without Borders Is Not A Nation - Ronald Reagan
Save America, Deport Congress! - Judy
Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
Similar Threads
-
GE, Best Buy and Roku: Who's weighing in on Trump's China tariffs this week
By Judy in forum Other Topics News and IssuesReplies: 3Last Post: 05-15-2018, 11:05 PM -
Kim-Xi summit sends signal to Trump of China's key role
By Judy in forum Other Topics News and IssuesReplies: 0Last Post: 05-09-2018, 01:29 AM -
Trump Orders Consideration of $100 Billion in New China Tariffs
By Judy in forum Other Topics News and IssuesReplies: 1Last Post: 04-05-2018, 07:17 PM -
Dow closes down more than 720 points after Trump’s China tariffs
By JohnDoe2 in forum Other Topics News and IssuesReplies: 1Last Post: 03-22-2018, 04:49 PM -
Trump vents over missing China tariffs: report
By Judy in forum General DiscussionReplies: 2Last Post: 08-28-2017, 04:08 PM
10% To 27% of 30 Million Non-Citizens Are Registered To Vote
05-15-2024, 10:29 AM in General Discussion