'Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to,' Jim Cramer says.
The tech titan has been a focal point of the trade war between the United States and China, but the dispute reportedly has not damped Chinese consumer interest in the latest iPhone launch that hit stores worldwide on Friday. Demand for the cheaper of the three iPhone 11 models in China has been"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," thehost said Friday.
The United States and China have volleyed multiple rounds of tariffs on billions of dollars worth of goods on imports from one another. Worried investors have tried to gauge how tariffs would impact production costs and sticker prices of implicated companies. Businesses that make products in or rely on imports from China were expected to pass higher production costs on to consumers, in turn hampering growth.
President Donald Trump instigated the trade dispute with the goal of reducing the U.S.'s trade deficit with China, prevent theft of intellectual property and to end forced technology transfers. Despite a 25% tariff on steel, which was intended to address China's out-sized steelmaking capabilities, steel prices have fallen on weaker demand and excessive supply from American producers, Cramer highlighted.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Jim Cramer thinks Wall Street will 'anoint' Chipotle in the fourth quarter'I wouldn't be surprised if Chipotle can keep climbing through the end of the year,' the 'Mad Money' host says.
Consulte Mais informação »
Jim Cramer says Bernstein's downgrade on Costco creates a buying opportunity'Costco is a best-of-breed retailer that has repeatedly reinvented itself, and if they need to reinvent themselves again, that's exactly what they'll do,' the 'Mad Money' host says.
Consulte Mais informação »
Cramer: FedEx's outlook is a 'dispiriting' call about the economyShares of FedEx plunged about 12.8% in early trading Wednesday, after the delivery giant blamed the U.S.-China trade war for quarterly earnings and revenue that missed estimates. CNBC's Jim Cramer explains why he thinks the FedEx earnings report and conference call suggest a bleak economic outlook.
Consulte Mais informação »
I'm worried about industrials — Cramer sounds the alarm about a major pillar of US economyFedEx's earnings disappointment and outlook warning earlier this week were a 'wake-up call,' says the 'Mad Money' host.
Consulte Mais informação »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Fed rate cut, FedEx and Adobe earnings, Cronos, Agco and Tech Data CEOsAs marijuana stocks continue to lag and vaping has come under fire in the U.S., cannabis company Cronos prepares to launch vape products in Canada. MadMoneyOnCNBC's JimCramer sits down with the CEO of Cronos to discuss.
Consulte Mais informação »
FedEx just sounded the alarm on US growth — and Jim Cramer said it was the 'most dispiriting call about the economy I've heard in a long time''There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally.'
Consulte Mais informação »