Jim Cramer of CNBC criticized President Trump's administration for the confusion surrounding newly implemented tariffs on Canadian and Mexican goods, particularly a 25% tariff. He highlighted the uncertainty faced by automakers and consumer goods companies, emphasizing that there is no schedule or clear structure for the tariffs. Cramer noted the example of Modelo Beer, questioning how the tariffs will be paid and by whom. He expressed concern about the absence of a clear plan, calling the situation stunning and highlighting its significant financial implications.
There's just vast confusion, Cramer said. No one knows. I mean, the automakers don't know what this is going to mean.
It isn't like they've said, OK, look, here's the schedule, here's the tariff.' Like, if you were in Europe and they did Brexit, you got the schedule.
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