'If the president rolls out new tariffs on Chinese imports ... if oil goes down, then one rate cut will not be enough,' Jim Cramer says.
Electronics and autos companies are performing better in Brazil, Canada and Mexico than in China, which Cramer called "bizarre."
"Here's the thing about this slowdown: If it pressures the Chinese government to make a deal, that's great for our companies," the host said. "But if China just digs in and takes the pain, it's a real problem for the rest of the world. Their pain is not our gain." The U.S. and China are expected to hold face-to-face trade talks in China next week. Negotiators struck a truce in June and agreed to hold off on further tariff hikes, but it remains to be seen"This industrial weakness is a serious problem. It will not go away unless the Fed steps on the accelerator and does so soon, if only to offset the weakness being exported here ... from China," he said.
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