US Economy

Cramer: ‘We’re ignoring the strong dollar’

Cramer: Dollar will be 'on our backs' for a long time

CNBC's Jim Cramer said Tuesday investors and government leaders need to pay more attention to the U.S. dollar's rise.

"We're kind of ignoring the strong dollar," Cramer said on "Squawk on the Street."

The dollar index, which measures the greenback against six other major currencies, has risen about 10 percent this year. The dollar has also gained over 11 percent against the euro in 2015.

"I think that there is a sense that our government is not focused on protecting our industries from this," Cramer said. "Obviously, there's a lot going on in the world, [but] there isn't anyone from the president's office or Commerce saying, 'Look, you can't keep taking our businesses away by debasing your currency.'"

Earlier this year, the European Central Bank began a 1.1 trillion-euro quantitative easing program, and China has been criticized in the U.S. for devaluing its currency.