‘We’re Done Using That Word!’ Jim Cramer and CNBC Colleagues Bash Trump Claim That Tariffs Are ‘Reciprocal’

Jim Cramer and his CNBC colleagues aren’t buying President Donald Trump’s claim that the tariffs announced yesterday are “reciprocal.”

In a scorching opening segment of Squawk on the Street, CNBC’s David Faber called out the punitive nature of the newly-announced tariffs and argued they were not actually based on what other countries charge the U.S. — a finding with which many others concur.

“Generally speaking this was far worse than had been anticipated, certainly by the market — which thought… many investors I’ve spoken to thought it already baked in, especially given the action we saw the last couple of days, the expectations,” Faber said. “And then you had a lot of things going around last few days whether it was ten percent, or twenty percent across the board or what it might be.”

He added, “Calling these reciprocal is not really accurate.”

Faber got immediate agreement on that point both from Cramer and host Carl Quintanilla.

“We’re done using that word!” Quintanilla said bluntly.

“That’s just…I don’t want to call it a lie…it’s dissembling,” Cramer added.

Cramer has been a vocal critic of the Trump tariffs — blasting him in a heated commentary on Monday which went viral.

“I cannot think of another president in my lifetime who could knock down the stock market simply by opening his mouth than Jimmy Carter,” Cramer said. “Eureka! I have found him!”

Watch above, via CNBC.