Phase one U.S.-China trade deal: What Cramer and other pros are saying (via TradingNation)
that was scheduled to go into effect on Dec. 15 and rolled back some existing duties on Chinese goods.
"Let's say you're the Chinese and I'm the president. I come in and I say, 'You know what? Here's what I'll offer: I'll cut all the tariffs in half, and I won't do the December tariff.' That was not offered. And yet, in black and white, the paper says it was. That was never offered, and that's what the president is saying. Now, my experience is that when I say something was never offered and the president confirms it, it was never offered.
"Just the fact that there's a delay — we're not going to get those 25% tariffs on Dec. 15 — I think is definitely a plus for the market. It would be a bigger plus if we actually got mutual reduction on tariffs. I could see the market up 10% then. But just the delay, that uncertainty, out of the way in the immediate future I think is certainly good for another 5% on the market for the rest of this year. ... Remember, Trump did say we're very close to a deal.
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