Trade wars with the EU, China could be 'self-defeating' for Trump's presidency, Jim Cramer says
suggested Thursday that President Donald Trump may have bitten off more than he can chew when it comes to addressing world trade imbalances.
host said "In theory, President Trump's not wrong to go after the EU. But in practice? I think fighting a two-front trade war could be self-defeating for our economy and for his presidency."variety of products from various European Union allies "If the U.S. decides to impose WTO authorized countermeasures, it will be pushing the EU into a situation where we will have no other option than do the same," she said in a statement.
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