Jim Cramer Warns Trump’s Tariffs Could Trigger Economic Downturn
The CNBC host criticizes the president’s trade policies, linking them to falling stock prices and a potential recession.
- Jim Cramer has strongly criticized President Trump's tariff policies, describing them as a potential catalyst for a manufactured recession.
- The Dow Jones Industrial Average has experienced significant losses recently, dropping over 1,000 points on Monday and nearly 500 points on Tuesday.
- Cramer argues that the stock market is signaling economic distress, urging the president to adopt a less confrontational approach to trade and international relations.
- Citing historical parallels, Cramer warns that tariffs like those in the Smoot-Hawley Act, which contributed to the Great Depression, could have similarly damaging effects today.
- The CNBC host emphasizes the need for the administration to restore consumer confidence and avoid further economic instability.