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In a post on X, CNBC's Jim Cramer questioned whether China is miscalculating during the ongoing United States-China trade war, saying that if China decided to avoid talks, consequences could favor the hardliners in the White House.
"Chinese overplaying their hand? Do they really want to be the country that doesn't talk as we go into the most fraught moments? The hardliners in the White House will win if the Chinese do not play ball... Don't they see that?" said Cramer.
These comments come amid an escalating trade mess, with tariffs as high as 245% imposed by the United States on Chinese goods and a 125% tariff imposed by China on U.S. goods. However, on April 22, Trump wanted to ease the ongoing tension between China and U.S.
Xi Jinping, the Chinese president, has stated he is open to talks but, like Washington, has vowed to "fight to the end" if provoked.
But tariffs aside, there is a bigger fight for technological supremacy. Xi has invested billions to become self-sufficient in technology. From being the biggest manufacturer of electric vehicles led by BYD to taking aim at ChatGPT with its own AI chatbot, DeepSeek, Beijing has signaled it wants to reduce reliance on Western technology to become a leader in the next frontier of innovation.
According to reports, China is going all-in, planning to invest over $1 trillion in artificial intelligence and advanced technologies this decade.
Jim Cramer is a prominent financial commentator and the host of CNBC's Mad Money. He is also the co-founder of TheStreet, a financial news and literacy platform launched in 1996 that became a go-to source for market insights and stock analysis.
Cramer frequently comments on major macroeconomic developments, including cryptocurrency. While he was initially skeptical of digital assets, Cramer later disclosed personal holdings in Bitcoin and Ethereum.
Cramer's crypto commentary has been inconsistent, leading to the rise of the "Inverse Cramer" meme in crypto circles — where traders often do the opposite of his recommendations.
Crypto markets reacts
The crypto markets were first weighed down by volatility and trade tensions. The initial concern was demonstrated when Bitcoin fell below $80,000 in response to China's announcement of a 34% tariff on imports from the United States.
However, Bitcoin has been resilient overall this week. As of April 24, it is trading at $92,790.26, nearing the psychologically important number of $100,000. In a week, the asset's price has gone up almost 10%, according to Kraken's price feeds.
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