Cramer: US firms are getting hurt by tariffs because 'they didn't think Trump had the resolve'
were to close higher Thursday, that would be a three-day winning streak and perhaps a break in the negative sentiment surrounding trade headlines earlier this week.
The Trump administration last week increased duties on $200 billion worth of Chinese products from 10% to 25%. On Monday, in retaliation, China announced plans to raise tariffs rates on $60 billion in U.S. goods. The president has also been threatening all along to put tariffs on the rest of China's imports.
Cramer has voiced support for Trump's tougher stance on China but has also advised investors to load up on names that can withstand higher tariffs.that people were saying that American companies that did not reduce their China exposure after months and months of watching Washington and Beijing clash on trade have only themselves to blame.
"I'm also told that they are like, 'Are you kidding me, you had a full year to move out of China. If you didn't move out of China now, it's your own fault,'" Cramer said at the time.
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