We recently published a list of Jim Cramer Says The Day “Everything’s A Lot More Expensive” Is Coming & Discusses These 10 Stocks. In this article, we are going to take a look at where General Motors Co (NYSE:GM) stands against other stocks that Jim Cramer recently discussed.
In his appearance on CNBC’s Squawk on the Street on Friday, Jim Cramer discussed the read-through of President Trump’s transcript of the interview given to Time Magazine. Cramer commented:
“I’ve worked for Time for a while . . very few people actually do David anything that’s contemporaneous, so to speak, so you’re looking at something . . .I think that there are talks, but I don’t think they’re at a level that matters. I think we should just continue to think that there’s going to be a day that comes, where everything’s a lot more expensive.”
The CNBC host also commented on President Trump’s advisor Peter Navarro and his absence. Navarro is known to be a strong proponent of tariffs on America’s trading partners. Mentioning Navarro, Cramer outlined:
“We don’t know what Navarro’s up to. Obviously Navarro is the hardest line American, there’s 340 million of us, he’s the hardest. And I’m not sure exactly where he is positioned versus Bessent which, Bessent’s seems to be oppositional to, a bunch of people who are hardliners, don’t you feel?”
Since the primary target of the trade tariffs in China, Cramer mentioned his discussions with business executives and what they’re doing to navigate the Chinese tensions. He explained:
“Well look I think that it’s about blinking, nobody’s blinking. And I think that, we obviously have four hundred and forty billion at stake, they have like a 150 billion, is a 150 billion more important? I know that every data. . .makes me feel like they don’t need us. Whatever, they don’t need us, and then everyday I meet CEOs, who have somehow, almost mystically, got out of China. . .I was with a CEO last night. . .I was saying, wow, the China. . .you guys must be, are you ready? He said what you think we just sat there and took it? This is about who does hundreds of millions of dollars of business in what I thought was China, gone, gone. . . .they’re not building in China. And he made it sound like I was rude, that they would just sit there and take it. And then he went on to tell me, the only people who sat there and take it were the people who didn’t bother to even listen to what was being said. And that the exodus is extraordinary.”
Judging by the high tariffs on China, Cramer has long maintained that the tariffs are an embargo instead. He maintained the opinion:
