'Mad Money' host Jim Cramer reacts to Pres. Trump's announcement of furniture tariffs.
Breakdown
- Cramer questions whether losing domestic furniture manufacturing poses a national security risk. 9s
- Most US furniture manufacturing has moved overseas for cost reasons, with few exceptions like Ethan Allen. 1m 5s
- Tariffs may make imported furniture more expensive but are unlikely to revive domestic production. 1m 50s
- A lack of skilled workers and workforce shifts make a large-scale industry comeback unlikely. 2m 7s
- Cramer concludes that a revival of former furniture manufacturing cities is improbable. 2m 43s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.