Jim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
has the upper hand in trade talks with China and that the country would have to bend a bit to stop tariffs from going higher.
Despite Trump's threats to increase the tax on $200 billion worth of Chinese imports to the United States from 10% to 25%, the market sell-off was not as brutal as it could have been, Cramer said. Wall Street is begging for a trade deal to be signed between the two world's largest economies, but the reality is that America is winning, he said.
"We're winning, regardless of what you think of Trump. The truth is that China's a paper tiger, something that's obvious if you just look at the darned numbers," Cramer said.
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