Cramer says ‘tariffs worked,’ Trump’s strategy forced China to agree to a trade deal

CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a “phase one” trade deal with the United States.

“I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese officials were set to sign the initial trade agreement at the White House later in the morning.

(Excerpt) Read more at cnbc.com .