But rather than accepting the idea that every stock in the market is doomed, Cramer looked for stock groups that have managed to weather the Trump administration's trade policy turmoil.
"I've got 15 sectors that have been staggeringly unaffected by these tensions," the "Mad Money" host said. "In a market that increasingly trades on President Trump's trade policy, these 15 groups have become consistent winners. No one's talking about them. Some of them may surprise you."
Cramer's first sector was telecom, particularly the stocks of Verizon, AT&T and even smaller players like CenturyLink. He attributed the rise in Verizon shares to a combination of lower interest rates, domestic exposure and defensive investors going after dividends in a more volatile environment.
"ATT's been acting better despite the antitrust trial over their purchase of Time Warner," Cramer continued. "Even CenturyLink is looking up, and ... it's got a sky-high 12.5 percent yield," which is usually a "red flag" for the "Mad Money"' host.
While some market-watchers have argued that tariffs will hit apparel stocks especially hard because so many of their products are sourced in China, Cramer had a different perspective.
He contended that most major apparel makers can quickly move away from sourcing in China, adding that Chinese policymakers would likely avoid putting tariffs on apparel.
"What about retaliatory tariffs on big-name American brands with a lot of Chinese exposure like Nike? Well, the buyers sure don't seem scared. It's one of the best-performing stocks in the Dow," the "Mad Money" host said.
Those aren't the only retail names standing strong: shares of apparel makers VF Corp., PVH, Tapestry, Michael Kors and Ralph Lauren; retailers Abercrombie & Fitch and American Eagle Outfitters; department stores Macy's, Dillard's, Ross Stores, Burlington and TJX; big-box retailers Home Depot, Lowe's, Walmart and Costco; and the dollar stores are all climbing, Cramer said.
Shares of the Cramer-fave "cloud kings" like Adobe, Red Hat, Splunk and Salesforce.com performed strongly ahead of Friday's sell-off, suggesting their ability to withstand pressure on the broader tech sector.
"Their stocks are worth buying into any major marketwide sell-off," he said. "While some of them have international exposure, like American, the demand for bandwidth is so great that it trumps any trade war fears."
"They're totally domestic and I think their numbers are too low," Cramer said. "[On the] hospital side, Tenet and HCA ... look fabulous. They've got nothing to do with China. Let the market knock them down and then pick some up into weakness."
But as for the oil sector as a whole, "too many younger portfolio managers who believe the future's electric regard this industry as the equivalent of big tobacco," Cramer warned.
"I think you can buy them right now, but a Chinese-induced downturn would be even better," the "Mad Money" host said.
With rates no longer surging higher, Cramer has noticed REITs' stocks starting to benefit from a natural bias as investors search for domestic-based names to buy.
"When the Chinese trade issues surfaced and rates started going lower, [it made] these high-yielders more attractive," Cramer said.
The stocks of utility companies that have no ties to the struggling master limited partnerships also seem to be weathering the tariff storm, Cramer said, pointing to shares of ConEd, American Electric Power, CMS and NRG Energy.
"Despite the worries about labor and commodity costs, the domestic restaurants are one of the best places to be," he said.
"The cybersecurity stocks are natural hedges against China, North Korea and Russia, the big three state sponsors of cyberterrorism," Cramer said.
"My favorite, though, another one that just exploded today, is Cintas. It's the uniform rental play," he said.
Ever since Lennar's management said on their quarterly conference call that job prospects are strong, shares of the homebuilders, most of which are U.S.-based, have been soaring.
Cramer found a host of other stock groups — consumer packaged goods, insurers and financial technology stocks, to name a few — that had mixed results amid the geopolitical tension.
But "the vast majority of stocks in these 15 sectors simply don't stay down after they're hit by waves of China-related selling or anything negative about President Trump," he said. "These all are under-owned sectors. They all go down big every time we get a large sell-off. But unlike so many other companies, ... they'll be going down for no fundamental reason, which is why you can rationally buy them into weakness like we had in the last hour of today's trading."
Disclosure: Cramer's charitable trust owns shares of Goldman Sachs, UnitedHealth Group and Raytheon.