Jim Cramer says Trump could abandon trade negotiations with China, but it could come at a cost he might not want to take on.
President Donald Trump is in a position to get more concessions or even walk away from trade negotiations with China President Xi Jinping as the Chinese economy weakens, CNBC's Jim Cramer said Tuesday.
"President Trump believes he's given big business enough of a boost with his tax cuts. He can afford to alienate business with a little tough love on China," Cramer said."The wild card: The president may not want the stock market to go down because he views the averages as his Nielsen ratings, and he cares tremendously about his Nielsens."
The major averages all slipped during the Tuesday session as well, which is a sign that if a trade deal doesn't happen soon that the problem could get worse, he said.
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