Cramer slams Trump tariffs: He should 'stop beating' Mexico up, 'they haven't done anything'

[Yo_Mama_Been_Loggin]

President Donald Trump shouldn't be bashing Mexico with threatened tariffs, CNBC's Jim Cramer said Friday.

"He should stop beating up" Mexico, Cramer said on "Squawk Box." "They haven't done anything."

Trump announced last week that he would impose a 5% tariff on Mexican imports, beginning Monday, if Mexico doesn't take substantial action to reduce the number of undocumented migrants crossing into the U.S. The tariffs would go up incrementally to as high as 25% in October.

But this isn't a trade issue, the "Mad Money" host said.

"It's about vanity and getting a (border) wall built," Cramer said.

https://www.msn.com/en-us/money/markets/cramer-slams-trump-tariffs-he-should-stop-beating-mexico-up-they-havent-done-anything/ar-AACxF1X?li=BBnbfcN

I don't really follow this guy but it seems his observation is spot on in this case.

[Wellstone ruled]

1. Kramer nails the Ponzi Don once again.

Wonder how his Bud Kudlow feels. And yes this is all about the Hispanic People and that friggin wall.

Corner stone of Ponzi Boy's Reelection Campaign.

[mobeau69]

2. Dear Jim Cramer, Remember This Beauty?

On March 11, 2008, Mad Money host Jim Cramer (who believe it or not is still on CNBC) told a viewer who wrote into his show, "Bear Stearns was fine!" right before the stock absolutely collapsed. The stock was trading at $62 per share. Just 5 days later, the firm was mercy folded into JPMorgan Chase (read: bailed out) at $2 per share.

This is an embarrassment. And it undoubtedly caused considerable pain for CNBC viewers who followed Cramer's advice. With financial "advice" like this, it's no wonder the network's ratings are hitting multi-decade lows.






A lot of people lost a lot of money thanks to Jim.


The Classic Video is at the link: https://app.hedgeye.com/insights/70141-remember-this-jim-cramer-bear-stearns-is-fine-do-not-take-your-mon

[Xolodno]

3. I recollect...

...his answer to this was that he was lied to on John Stewart's show. He had heard rumors that Bear Stearns was in trouble and called the CEO who was a friend of his.

But then Stewart shows the clips where he's telling someone on tape how to manipulate the market.

Who wants to bet he sold his shares in Bear Stearns right after stating Bear Stearns was fine.

[mobeau69]

4. Kudlow did the same thing with a mortgage company that went belly up.

Can't remember the name right now. Had the CEO on one night and Cramer went on and on about how little they were involved in sub-prime market. A few months later it was curtains for them.