U.S. trade disputes and the House Democrats’ impeachment inquiry of President
Donald Trump are creating the most economic uncertainty in nearly two generations, CNBC’s Jim Cramer said on Friday.
“Washington is the biggest headwind to the economy that I can recall,” Cramer said on
“Squawk on the Street.” “I have not seen it since Nixon, such a headwind. It fights you at every turn.”
he’s worried that if Congress were unable to pass the North American Free Trade Agreement replacement how could it ever OK any China trade agreement that might develop.
Exactly one week after telling Cramer on
“Mad Money” on Sept. 17 that Democrats hope to get to “a path to yes” on the new United States Mexico Canada Agreement, House Speaker Nancy Pelosi announced the Trump impeachment inquiry.
“The idea of
Nancy Pelosi sitting down with Trump, how’s that possible,” Cramer asked. He questioned how it would work for Pelosi to go to Trump saying, ‘”I’ m trying to impeach you, let’s make a deal'” on trade.