Jim Cramer Breaks Down Tariff Delay
We have more news about the China-U.S. trade war.
President Donald Trump tweeted that he was pushing back the Oct.
1 tariffs by 15 days.
....on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.
— Donald J.
Trump (@realDonaldTrump) September 11, 2019 Cramer focused on the tariffs in his morning column over on Real Money.
Here's a sneak peek into his thoughts on the tariffs: Despite the president calling his own move a "goodwill gesture" to the Chinese at the behest of Vice Premier Liu He, I don't think it matters much.
Nor do I think it is that important that the Chinese this morning are trying to limit negotiations to only trade matters, according to the Wall Street Journal.
That's because the debate in the mainstream media always seems to miss the point: There are no "just trade" matters.
The president's negotiations long since left the soybean stage.
The farmers may be angry at him, but he knows they aren't going to vote for Elizabeth Warren, the acknowledged second front-runner ahead of Thursday night's debate.
So what's the point of appeasing those who will already vote for you?