Investors braced themselves on Tuesday as the stock market plummeted due to President Donald Trump’s latest tariff policies. CNBC’s Jim Cramer discussed the potential ramifications of these tariffs, citing uncertainty around international trade and retaliatory measures.
The Dow Jones Industrial Average fell 1.55% for the second consecutive day, while the S&P 500 declined 1.22% and the Nasdaq Composite dropped 0.35%. Trump imposed 25% tariffs on goods from Canada and Mexico, as well as a 10% tax hike on imports from China. China responded with a 15% tariff on US goods, Canada announced a 25% levy on US products, and Mexico threatened to impose its own tariffs.
Cramer highlighted several concerns, including the payment of Mexican tariffs and potential rebates for domestic manufacturers. He noted that companies must be cautious due to the Trump administration’s deportation plans and uncertainty around other countries being hit with tariffs in the future.
The White House declined to comment on the matter, but Cramer emphasized the importance of staying informed about changing trade policies. With no clear signs of whether other US trading partners will face tariffs next, investors must remain vigilant.
Source: https://www.cnbc.com/2025/03/04/jim-cramer-talks-trump-tariffs-and-investor-woes-after-dow-tumbles.html