CNBC Journalists Blast Trump's "Insane" Tariff Threats and Recession Talk

CNBC Journalists Blast Trump's Tariff Threats and Recession Talk

CNBC's Steve Liesman and Jim Cramer have strongly criticized President Trump's recent actions and statements regarding tariffs and the economy. Liesman, a senior economics reporter, called Trump's tariff threats "absolutely insane," particularly the threat to impose a 50% tariff on Canada unless it became the 51st state. He expressed concern that the administration's actions were driving away foreign capital, which is crucial for funding deficits and maintaining economic stability.

Cramer, co-host of CNBC's Squawk on the Street, also criticized Trump's behavior, calling it "baffling" and "frightening." He warned that the president's hints of a looming recession could trigger a panic and actually cause one. Cramer speculated that Trump's actions might be deliberate, though he didn't offer a specific motive. He urged the White House to adopt a more conciliatory tone with America's allies for the sake of economic stability.