Jim Cramer says a 20% tariff on most imports would be 'horrendous' for the economy
Portfolio Pulse from
CNBC's Jim Cramer criticized potential 20% tariffs on U.S. imports, arguing they would harm the economy. He highlighted five key concerns: the U.S. is now a service economy, historical precedents of tariffs causing economic damage, unclear tariff collection mechanisms, misguided tariffs on Canadian goods, and potential inflationary impacts.
April 01, 2025 | 11:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Proposed 20% import tariffs might create market uncertainty and potentially trigger negative market reactions across various sectors.
Broad market index likely to be negatively impacted by potential tariffs due to increased economic uncertainty, potential inflation, and possible trade retaliation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80