Watching the news back in April on President Donald Trump's announcement of tariffs, many people felt the shock of what they were seeing: levies on exports that would significantly affect the way America functions.While Trump has expressed that tariffs are a way of encouraging people to buy American-made goods, many also feared they would trigger a trade war — which is exactly what happened.💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵Some breathed a sigh of relief when Trump announced a 90-day pause on the tariffs, which originally would have expired on July 7 but have since been extended to August 1.
Related: Analyst sends bold message on Nvidia stock amid Trump’s new tariffsBut now that the expiration date is drawing closer, the president seems to be ready to stir the pot again, most recently announcing a new 50% tariff on copper. The U.S.
imported $17 billion worth of copper in 2024, per U.S. Commerce Department data.
He also announced that he was considering a 200% tariff on pharmaceuticals imported into the U.S.As the newest chapter of tariff drama unfolds, CNBC's Jim Cramer has weighed in — and his take is openly critical, to say the least.
Cramer speaks out about the trade warCramer is known for being fairly chatty on his X account about the state of the markets and the economy in general, so considering everything going down in the last few days, you'd think you'd see him commenting there.More Tariffs:Aldi plans huge price cut.
