We recently published a list of Jim Cramer Says Trump’s Tariff Strategy Is Working & Discusses These 11 Stocks. In this article, we are going to take a look at where Netflix, Inc. (NASDAQ:NFLX) stands against other stocks that Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the outcomes of President Trump’s tariffs and whether Trump is hostile to the markets. March has been marked by a massive stock market selloff which wiped off trillions of dollars in value as investors grew uncertain about the US economy and the tariff narrative. Commenting on these developments, Cramer remarked:
“I believe that the President watches CNBC. I think the President recognizes that perhaps it would be good to start narrowing things down. He’s made some real progress. I mean there’s companies that seem to decide to put plants here everyday. Right? I mean, it’s working. And he doesn’t want to destroy the market. I think that there’s this perception that he doesn’t care anymore. I think that’s bogus. I think he cares tremendously. I think that it’s a canard that he doesn’t. I don’t know about our Treasury Secretary, even though he’s 35 years in the market. . .But I do think that the President cares passionately about the market. That was a misdirection play.”
Along with discussing Trump’s thoughts on the markets, Cramer also commented on whether Trump’s strategies are yielding results. The CNBC TV show host has supported tariffs in his previous appearances as he believes that America’s trading partners are being unfair. Cramer believes Trump’s strategy is working:
“His strategy’s working. Because these countries are caving. And these companies are caving. And they’re building things here. You know we see them all the time. Korean companies are now folding. European companies will fold. Because they’re afraid. They’re afraid of him. And it’s working. That strategy’s working. What’s not working is the idea that tomorrow he might change it. He’s gotta stick with this. What he said this week it’s gotta stay. That’s what has to happen. You can’t change again tomorrow, say that you’re not reciprocal, we’re going blunderbuss. Cause reciprocal’s what business wants. Blunderbuss protection they don’t want. Over and over again I heard that this morning. Over and over again.”
As for China, Cramer doesn’t trust the country. He believes that the Chinese government is “playing one hand military and in the other hand they’re inviting people over,” in regards to major American companies’ executives meeting Chinese government officials.
