According to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer's sources, news reports of an attempted trade truce with China are false. 

"There are people who are connected to the White House who I've been close to for many many years - and I'm not saying anything out of school - I'm just saying that when I see the news stories which say that there's another attempt at a truce, I make calls to see if those news stories are accurate and they're not."

This video was published on June 22.

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