Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Investors fretted on Monday about what would come of President Donald Trump's insistence on placing tariffs on another $200 billion worth of Chinese goods, but CNBC's felt they were missing the big picture.
Yes, the president has reportedly been unsatisfied with the trade talks between the United States and China, and sure, his day-to-day hawkish proposals have not been well-received by Wall Street, Cramer acknowledged.
But to the "Mad Money " host, trying to gauge the actual impact of the tariffs meant looking at the overall market layout — specifically, comparing the U.S. market's performance with China's.
"Our economy may be doing just fine, and so's our stock market, but China? I see real problems and real worries," Cramer said Monday. "The Chinese stock market has fallen to its lowest level since November of 2014. In fact, it's now down 20 percent year to date, and I don't think it's found a bottom yet. "
U.S. markets, on the other hand, are "booming," he said, noting that the has climbed 7.5 percent since the start of 2018, bolstered by healthy growth and limited inflation.
"If the tariffs so far are supposed to be hurting our economy, how is that possible?" he asked.
And, with the Trump administration considering lowering the tariff percentage to 10 percent on each item from 25 percent, Cramer wondered if they would hurt the U.S. economy at all.
"If this were a real problem, the retailers would be at or near their 52-week lows, not their 52-week highs," the "Mad Money" host said.
So, with strong employment, a healthy economy and most China-tied stocks trading as though there's little to worry about, U.S. markets seem to be resisting trade-war-induced panic, Cramer said.
"The pundits can fret about all they want about the trade-war saber-rattling, but the action in the stock market ... tells me that it's not cut-and-dry how much these issues do hurt business, especially not when you consider the red-hot state of our economy," the "Mad Money" host concluded.
"Maybe we need to take all these worries about the tariffs President Trump's slapping on Chinese imports, perhaps, with a grain of salt — maybe a whole container of Morton's Iodized."