U.S. commerce disputes and the Home Democrats’ impeachment inquiry of President Donald Trump are creating probably the most financial uncertainty in almost two generations, CNBC’s Jim Cramer mentioned on Friday.
“Washington is the biggest headwind to the economy that I can recall,” Cramer mentioned on “Squawk on the Street.” “I have not seen it since Nixon, such a headwind. It fights you at every turn.”
Cramer mentioned he is frightened that if Congress had been unable to go the North American Free Commerce Settlement alternative how might it ever OK any China commerce settlement that may develop.
Precisely one week after telling Cramer on “Mad Money” on Sept. 17 that Democrats hope to get to “a path to yes” on the brand new United States Mexico Canada Settlement, Home Speaker Nancy Pelosi introduced the Trump impeachment inquiry.
“The idea of Nancy Pelosi sitting down with Trump, how’s that possible,” Cramer requested. He questioned how it might work for Pelosi to go to Trump saying, ‘”I’m trying to impeach you, let’s make a deal'” on commerce.