Skip to main content

Jim Cramer Gives President Trump His G-20 Report Card

Publish date:
Video Duration:

All eyes turned on Osaka, Japan this weekend as President Trump met with Chinese President Xi on the sidelines of the G-20 summit.

After weeks of trade-fueled market anxiety, Trump and Xi agreed to resume stalled trade talks between the U.S. and China. In the meantime, both pledged that no additional tariffs will be enacted by either nation.

 In addition, Trump agreed to loosen restrictions on shipment to China's Huawei in exchange for China to by an undisclosed amount of American agricultural goods.

 While TheStreet founder and portfolio manager Jim Cramer is quick to acknowledge that Trump was the one to bring tariffs to the table in the first place, he said he did find certain aspects of the Trump-Xi meeting surprising, including Trump's willingness to sacrifice leadership in 5G.

 So how would Cramer rate Trump's overall performance, and more importantly, what's the read through for the markets going forward? 

"I'm a hard liner and I was surprised. If you like the stock market short term, it's very big. Longer term you would be wondering because if Huawei is indeed the 5G leader, that's not that great for America," he said. 

Related. Jim Cramer: There Were Huge Surprises at G-20

More from Cramer Today

Full Replay: Jim Cramer Tackles Trump's Meeting With Xi, Nvidia and Boeing

Why Jim Cramer Is Keeping a Close Eye on Nvidia

Jim Cramer: Here's What Investors Need to Know About Boeing

Millennials Aren't Investing in Oil, Says Jim Cramer

What Stocks and Sectors Investors Should Watch During the Second Half of 2019

Related Videos