On Monday, CNBC’s Jim Cramer made an on-air slip during a segment on ‘Squawk on The Street,’ where he was discussing President Donald Trump’s latest trade deal involving the European Union. The graphic he was analyzing showed the United States’ recent trade agreements, including a major deal with the EU. Cramer’s excitement over the deal led him to exclaim, “What the f—!” before quickly apologizing and taking the comment back. His co-hosts, David Faber and Carl Quintanilla, reassured him that it wasn’t a big deal, emphasizing the informal nature of live TV. Cramer continued to apologize and stated that he felt the current economic situation required an end to discussions about rate cuts. He then posted an apology on X, explaining that he was too effusive in expressing his views on the country’s great economy.
Meanwhile, Trump’s administration announced a significant trade deal with the European Union, which includes a 15% tariff on most European goods imported to the U.S. European Commission President Ursula von der Leyen stated that Europe will also purchase $150 billion worth of U.S. energy as part of the agreement, in addition to making $600 billion in other investments. This deal comes on the heels of Trump securing a $550 billion trade deal with Japan. In a statement on Truth Social, Trump highlighted the deal’s potential to create hundreds of thousands of jobs, noting that it was the largest deal ever made. The agreement follows a series of significant trade deals and marks a key moment in Trump’s efforts to bolster the U.S. economy through international partnerships.
Some of Trump’s critics, including prominent figures such as Bill Maher, have admitted that their earlier predictions about the economic consequences of Trump’s tariffs were incorrect. Maher, on his ‘Club Random’ podcast, acknowledged that his initial concerns about the impact of tariffs on the economy were unfounded. He emphasized the importance of working from the realities of the current economic situation rather than being driven by political bias. This admission reflects a broader shift in public and media discourse, where the actual outcomes of Trump’s economic policies are being reconsidered in light of recent developments.