Cramer's Morning Take: Tariff Impact 4/7/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 7 April 2025
⏱️ 4 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.7 | CNBC Investing Club warning meeting. |
| 0:10.3 | We were right not to panic and sell, as we said over the weekend. |
| 0:14.5 | Want to see what's happening. |
| 0:15.7 | It is very early. |
| 0:17.0 | We know that the S&B could fall more because we know that earnings are at risk. |
| 0:21.4 | However, the notion of the get out now, so to speak, the sell once again wrong. |
| 0:26.9 | I have no inclinations to trade here unless you're seeing something you think is an opportunity. |
| 0:32.9 | Well, look, markets are moving fast. |
| 0:35.1 | There was this comment by Kevin Hassett that Trump is considering a 90-day |
| 0:39.3 | pause on tariffs in all countries except for China. Very different from the story we heard |
| 0:45.2 | from Peter Navarro on the network earlier, where, you know, he's saying that even these possible |
| 0:50.3 | negotiations where, you know, Vietnam wants to lower tariff rate to zero. |
| 0:54.8 | That's not his goal. |
| 0:56.2 | So, you know, there's a lot of confliction within the White House. |
| 1:00.9 | You have to wonder, you know, who's going to win, who's going to get in the president's |
| 1:06.1 | ear last and the loudest. |
| 1:08.6 | So things are moving fast, you know, but a very fluid situation. |
| 1:13.6 | Right. |
| 1:14.6 | Now, look, we're not scalpers, okay? |
| 1:16.6 | And I spent a lot of time, obviously, in the piece this weekend, saying what could happen. |
| 1:20.6 | And I'm not bullish by any means, all right? |
... |
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