Jim Cramer of CNBC appeared Thursday (April 3) Booming On CNN, where he told the host Erin Burnett that he “feels like a suction cup” to believe that the Trump administration would do the right with regard to international trade.
“Well, I am disappointed,” said Cramer in response to the new widespread commercial prices of President Donald Trump, who will see around 60 countries confronted at high prices if they want to export goods to the United States. Trump announced a 10% reference on all foreign goods, but some countries will face even higher prices.
“I am not a free trader … I am just a trader,” said Cramer in Burnett. “I have always passed at the time when you worked with me at CNBC. And what I hoped was a coordinated thing where if you charge us 20%, we bil you 20%. Instead of a car where we only make you pay two and a half and you do not allow ourselves, we try to improve things. ”
Cramer then noted how Trump figures “make no sense” and “are simply false” before expressing his disappointment by believing that the president would make a logical decision.
“What disturbed me, Erin is that they really did, again and again, the president said:” Listen, it’s going to be reciprocal. So you do it, we do it. “And it was going to be so good. Crazy money Host said. “And I feel like a miller tonight because I am not a free trader and I do not believe in free trade. And I was just as difficult, if not more difficult, as their people. ”
Cramer added that “they messed up … they did a completely informed way. And I was very disappointed as a person who really believes, really that free trade is horrible for the American worker. Is that what they found? Jeez, come on! Have a little mathematics. “
Former head of hedge funds, Cramer has appeared on CNBC since the late 1990s and hosted the financial television program Crazy money Since 2005. He also anchors the CNBC Business Show Squawk in the streetwhich follows the first 90 minutes of negotiation at Wall Street.
Erin Burnett Outfront, On weekdays, 7/6 C, CNN
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