U.S. may have reached ‘high water mark’ in China tensions

News Snapshot:

CNBC's Jim Cramer on Tuesday addressed the many unknowns regarding Donald Trump's trade policies and wondered if the president-elect may be more amiable towards China than many think — perhaps in part because of his close relationship with Tesla CEO Elon Musk. "All I can tell you is with Elon Musk's involvement in the new administration, it's very possible that we've indeed seen the high-water mark in our tensions with China," he said. "I know it's hard to believe, but then again, [President Richard] Nixon went to China, and he was the last person you would ever expect that from."...