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Home / Business / American companies still in China told that they themselves are to blame

American companies still in China told that they themselves are to blame



People say that US companies that did not reduce their exposure in China after months and months of looking at Washington and Beijing clashes on commerce only have to blame themselves, CNBC's Jim Cramer reported on Tuesday.

"I am also told that they are like," Do you cut me, you had a whole year to move out of China. If you didn't move out of China now, it's your own fault, "Cramer said on" Squawk on the Street. ""

"My people, I'm talking to the two numbers, decides everything, 3.2% GDP and 3.6% unemployment, when things changed, the Chinese played a little tougher, but they overlapped their hand, people say, they overplayed their hand given the numbers of what we "have on the US economy," Cramer said.

"I say 1

2:01 Friday will be different," added the "Mad Money" host referring to the Midnight Deadline later this week that President Donald Trump set for increase in China tariffs from 10% to 25% if Trade negotiations do not make progress.

US stocks opened sharply lower Tuesday on trade worries. The Dow Jones Industrial Average on Monday was as much as 471 points, but was able to retrieve much of the losses nearby.

Cramer pointed out continued weakness in Dow shares that would be most affected by an escalation in trade war, including C Aterpillar and Boeing, Apple, which was higher on Monday, was lower on Tuesday.

"So who hurt the Dow?" asked Cramer. "Boeing, but they have many orders. Caterpillar, they didn't move fast enough. Apple, who knows what they're playing."


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