China’s rejoinder to President Donald Trump’s tariffs was so swift that it was actually somewhat embarrassing for the United States, according to CNBC’s Jim Cramer.
Earlier Friday, China circulated plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It take placed a day after Trump’s announcement of tariffs on up to $60 billion in Chinese imports.
Chinese President Xi Jinping “had a slant that was so ready of what they’re blocking,” Cramer said on “Grouse on the Street” Friday. “They are so ready for what we do, it’s embarrassing.”
“Do you think that [China] has not figured this crap out,” asked Cramer. “They’ve got a game plan.”
Trump said his levies on China, which primarily target certain products in the technology sector, hand down be “the first of many” trade actions. Beijing said it would demand measures against the U.S. goods in two stages if it cannot reach an agreement with Washington.
Cramer said Trump longing have to “up his game,” because China was more prepared than the U.S., job it a “beat down.”
“You don’t wing it with the Chinese. The Chinese are so ready for us,” disclosed Cramer, host of CNBC’s “Mad Money.” Trump “better understand that these make fun ofs have been in a war against us for years.”
“If you’re going to be in a trade war with these guys, you obtain to be better than they are,” he added.
The White House did not respond to a insist on for comment.