Jim Cramer on What the Cohen-Manafort News Means for Stocks

Amid the guilty verdict on numerous counts in Paul Manafort's trial and the guilty plea from Michael Cohen, China could use this to their advantage in negotiations with President Trump on trade, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
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Amid the guilty verdict on numerous counts in Paul Manafort's trial and the guilty plea from Michael Cohen, China could use this to their advantage in negotiations with President Trump on trade, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

"President Xi I think will dig in his heels and say we have a very weakened Trump so therefore let's go for the jugular," Cramer noted.

Manafort was Trump's former campaign chairman and Cohen was his former personal attorney. 

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