Jim Cramer: China trade is a 'much smaller issue' on the market than most people realize

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Jim Cramer: China trade is a 'much smaller issue' on the market than most people realize
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Trade fears 'will eventually create fabulous discounts' in the stock market, but 'we're not totally there yet,' the 'Mad Money' host says.

"If the trade war were really all-important, the averages would never have been able to surge to record levels over and over and over again," CNBC's Jim Cramer says in the wake of a trade-related market sell-off.

"If the trade war were really all-important, the averages would never have been able to surge to record levels over and over and over again," the "The market is slow to figure out the positives, very fast to identify any negatives from the trade war, which is why we have days like today," Cramer said. "Unfortunately, I think we could have a lot more faux … trade-related pain before we're ready for some gain."

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