Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Otherwise, he said Friday, "The market should be down much more."
Cramer said the "markets may be wrong" since traders did not think the president would follow through on threats to hike tariff rates to 25% on $200 billion of Chinese goods.
But earlier this month, Trump did.
Trump tweeted Thursday evening that he would impose a 5% tariff on Mexican imports, beginning next month, if Mexico does not take action to "reduce or eliminate the number of illegal aliens" crossing into the U.S.
Last year, Mexico was the second-largest importer of goods into the U.S., according to the Office of the U.S. Trade Representative. The U.S. imported $346.5 billion of Mexican goods last year, and the total accounted for 13.6% of 2018's overall imports.
Trump's new threat came out of left field and it's "all kind of astonishing," Cramer said on "Squawk Alley. " But if the markets thought the president were really serious, Cramer said he would expect to see General Motors down 15%. In early trading, shares of the automaker were down 4.5%.
"Automakers may indeed see large financial impact and uncertainty from the tariffs, as all major OEMs [original equipment manufacturers] import a considerable portion of the vehicles they sell in the U.S. from Mexico," Deutsche Bank warned on Friday. It added GM imports 29% of its total car and truck parts from Mexico.
Cramer said he believed Trump is using tariff threats as a way to move plants away from Mexico and back to the U.S. Working to stop illegal immigration and bringing jobs back is a "double win" for the president who promised immigration reform on the campaign trail, the "Mad Money" host said. The Trump administration thinks the "jobs are going to come back" following the latest threats — "you shouldn't doubt me on this," Cramer said.