Cramer: Trump should heed Home Depot's warnings about the consumer and make a trade deal

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Home Depot CFO Carol Tome says 'consumer confidence is near record high levels' but 'consumer demand could be impacted' by lingering U.S.-China trade tension.

host called the company the "perfect microcosm for the U.S. economy" and put his trust behind outgoing-Chief Finance Officer Carol Tome's perspective on the state of the market.

Accounting for the potential impact of tariffs on consumer spending, Home Depot reduced its full-year sales growth outlook to 2.3% from 3.3%. Home Depot "made it clear," he argued, that the U.S. is ahead of China in the trade war, which began more than a year ago. Cramer based his reason on the number of suppliers that have moved operations outside of the country. Those firms have relocated some facilities to Taiwan, Vietnam, Thailand, Indonesia and the U.S., whichHome Depot's partners apparently aren't alone in this endeavor.

 

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You are absolutely right. Unfortunately being the narcissist he is I don’t think he has the ability.

Jim, you are smarter than that. It takes time for two warriors to come to a reasonable deal. With all the ways China attacks US companies and the US in general, we need a deal that appropriately stops China.

He thinks he knows it all so there is that.

What trade deal would you like? China can continue to steal IP as long as it buys lots of American soybeans?

Home Depot’s founder (Marcus) is unabashedly a huge Trump supporter, so he should just man up.

That’s a total flip flop by Cramer. He’s been by the President’s side this whole time until it hurts profits.

Any deal Would another shitful deal please u NO.. get the right deal, what ever it takes

Tariffs have been on without price changes. While China is subsidizing them and the dollar is strong, move the supply chain. tt: MadMoneyOnCNBC

Trump doesn't know how to make a deal

Do it!

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