Jim Cramer offers blunt one-word reaction to 20% tariffs

There’s significant debate among Americans right now. One camp thinks that tariffs will be the magic bullet to resurrect U.S. manufacturing dominance. The other camp sees tariffs as a misguided gambit likely to send the U.S. into stagflation.

Reality, like most things, likely lies in the middle. Some industries, such as semiconductors, could benefit from reshoring, while others, such as the paper and apparel industries, may never recapture lost jobs.