Cramer: US-China trade talks is now more about a 'trust gap' than the 'trade gap' [CNBC]
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Source: CNBC
Cramer: US-China trade talks is now more about a 'trust gap' than the 'trade gap' Trade negotiations between the United States and China have boiled down to whether President Donald Trump can trust the Chinese or not, CNBC's Jim Cramer "It's not about the trade gap, people. It's about the trust gap," the "Mad Money" The U.S. goods deficit with China rose nearly 13 percent Cramer said history is playing a factor in the 's trade strategy because Trump doesn't trust that the country will comply with concessions. Trump does not want to be taken for a ride by China as did the Obama, Bush, and Clinton administrations, he said. "The hardliners have the upper hand, people, especially after today's statement from the Federal Reserve major indexes fell The markets rebounded after Jerome Powell However, the Dow Jones Industrial Average S&P 500 Nasdaq Cramer blamed the session's lost gains on the trade front. "Don't jump the gun," he said. "It's terrific to have the Fed on our side here, but the
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