Jim Cramer questioned whether China is miscalculating during the ongoing United States-China trade war, saying that if China decided to avoid talks, consequences could favor the hardliners in the White House.
"Chinese overplaying their hand? Do they really want to be the country that doesn't talk as we go into the most fraught moments? The hardliners in the White House will win if the Chinese do not play ball... Don't they see that?" said Cramer.
These comments come amid an escalating trade mess, with tariffs as high as 245% imposed by the United States on Chinese goods and a 125% tariff imposed by China on U.S. goods. However, on April 22, Trump wanted to ease the ongoing tension between China and U.S.
Xi Jinping, the Chinese president, has stated he is open to talks but, like Washington, has vowed to "fight to the end" if provoked.
"Chinese overplaying their hand? Do they really want to be the country that doesn't talk as we go into the most fraught moments? The hardliners in the White House will win if the Chinese do not play ball... Don't they see that?" said Cramer.
These comments come amid an escalating trade mess, with tariffs as high as 245% imposed by the United States on Chinese goods and a 125% tariff imposed by China on U.S. goods. However, on April 22, Trump wanted to ease the ongoing tension between China and U.S.
Xi Jinping, the Chinese president, has stated he is open to talks but, like Washington, has vowed to "fight to the end" if provoked.
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