CNBC's Jim Cramer said Friday the U.S. should not take on China as the world faces unprecedented economic calamity from the coronavirus pandemic.
China's President Xi Jinping and US President Donald Trump during a meeting outside the Great Hall of the People in Beijing.said Friday the U.S. should not take on China as the world faces unprecedented economic calamity from the coronavirus pandemic.
"What are we crazy?" Cramer asked, saying this is not time to inflame trade tensions between Washington in Beijing. The "Mad Money" host's comments come after the Trump administration's move to block semiconductor shipments to Huawei, put heavy pressure on U.S. stock futures. The China-based telecom giant has been at the center of a technological trade dispute between the world's two largest economies.Hu Xijin, editor-in-chief of Chinese state-run publication Global Times, said in a tweet Friday that if the U.S. takes further action to block supply to Huawei, China will activate the "unreliable entity list," "restrict or investigate" U.S.
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