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CNBC’s Jim Cramer Warns New Trump Tariffs Would Be “Horrendous For The Economy”
One day after comparing Trump's economic policies to those of Jimmy Carter, the CNBC host invoked the ghost of the Great Depression in his warnings against tariffs.
Cramer was referring to a Wall Street Journal report that predicted Trump’s promised April 2 tariff package would include “a potential 20% global tariff on virtually all imports.” Cramer said the train that Trump is trying to lay tracks for already left the station long ago. “The truth is the jobs that were supposed to be protected by tariffs were automated out of existence a long time ago…We don’t have the capacity to make this stuff anymore.
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