BURSTCNBC’s Jim Cramer on Monday called President Trump “the one person who’s standing in the way of a great economy.”
“His wrath has made investors so downcast and so negative that people have just given up,” Cramer said on “Mad Money” of Trump in comments highlighted by Mediaite. “They want nothing to do with stocks, nothing to do with this world, because they're sure the White House will keep laying on the tariffs that seem to be wiping out your wealth and my wealth.”
“In this environment, it’s a wonder anyone’s buying anything, unless they think that the one person who's standing in the way of a great economy, one that could have incredible growth … will finally change his stripes,” he added.
Wednesday, referred to as “Liberation Day” by Trump, is set to be the day his administration is going to impose expansive reciprocal tariffs on other nations with duties on U.S. goods. Last week, Trump also unveiled that he will impose a 25 percent tariff on foreign-made vehicle imports, also going into effect Wednesday.
In a recent poll from The Associated Press-NORC Center for Public Affairs Research, 38 percent of respondents backed the president’s trade negotiations with other countries, with 40 percent saying they are in favor of his overall handling of the economy.
Canadian Prime Minister Mark Carney said during a press conference last week that the old U.S.-Canada economic relationship is “over,” and pledged that Canada will respond “forcefully” and that not a single thing “is off the table” when it comes to the president’s plan to impose additional tariffs on Canada and other countries.
“People are exhausted by this president,” Cramer said of Trump on Monday. “They don’t know what he’s going to do next.”
The Hill has reached out to the White House for comment.