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Jim Cramer: Again, with China, It Comes Down to He Said, Xi Said

Jim Cramer

The stakes have been ratcheted up by our president who is saying that if Xi doesn't show to the meeting, there could be tariffs that are much higher than 25% on $300 billion of Chinese merchandise. Of course if Trump put those tariffs on he would effectively shut down the Chinese export market to the United States because almost no consumer could possibly afford tariffs that high. Remember the president is tariff happy.