Economy

The China trade deal is one tweet away from ‘blowing up’

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CNBC’s Jim Cramer said Monday that the Trump administration is close to placing additional tariffs on Chinese goods as the yearlong trade war drags on.

The Chinese are ‘one tweet away from blowing it up, ” Cramer said on “Squawk on the Street. ” Beijing has yet to purchase American goods as agreed upon, he added.

Last week, President Donald Trump tweeted that China “is letting us down” by not buying the goods “that they said they would.” The increased purchases would not only help cut the U.S. trade deficit with China but assist farmers, as Trump seeks reelection in 2020.

“We’re about to get tariffs any day now,” Cramer added. “I don’t think people realize the president is hungry for…



Source cnbc.com

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