Jim Cramer Warns New Trump Tariffs Would Be “Horrendous For The Economy”

In response to reports of a potential 20% global tariff on imports, Jim Cramer warned of the economic repercussions, citing the disastrous effects of the Smoot-Hawley Tariff Act of 1930. He emphasized the impracticality of relying on American-made goods due to automation and lack of manufacturing capacity, ultimately cautioning against the proposed tariffs. Despite his concerns, Cramer’s subdued reaction contrasted with previous criticisms of Trump, likening him to Jimmy Carter.

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