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We recently published a list of 11 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Celestica Inc. (NYSE:CLS) stands against other stocks that are on Jim Cramer’s radar.
Jim Cramer, the host of Mad Money, recently shared his thoughts on the role tariffs play in the market. While he acknowledged that Wall Street generally despises tariffs, he admitted to having a somewhat different perspective, expressing that he actually likes tariffs, but only when their application is certain.
According to Cramer, uncertainty surrounding tariffs contributes significantly to market instability, especially for sectors that are ill-prepared to absorb the impact of new trade policies. One sector that Cramer singled out as particularly vulnerable to the effects of higher tariffs is retail. He pointed out:
“Retail, are you kidding me? We stopped making things in this country years ago. As part of the bargain we have with Mexico and China where Americans get cheap goods, much cheaper than we could possibly make here, in return for wiping out almost a hundred percent of our manufacturing capacity.”
READ ALSO: Jim Cramer Said These 13 Stocks Can Hold Their Value Amid Tariffs and Jim Cramer Thoughts on 8 Stocks As He Discussed Market Froth
The arrangement, Cramer explained, was a deal embraced by both Republicans and Democrats alike. He likened it to a “reverse poltergeist” situation where jobs were moved, but the foundational industries remained behind. The shift left many former manufacturing workers, such as seamstresses and laborers skilled in operating heavy machinery, without the means to return to their old positions.
As Cramer put it, there is no longer any real expertise in these areas in the U.S., and even if there were, it would come at a significantly higher cost to produce locally. He stressed that, given these circumstances, it is nearly impossible for U.S. retail to compete in a space that relies heavily on imports. He added:
“I don’t want to be too dire about this everyday lower price initiative by the President of the United States, but because this is a stock show, I have to tell you something, at times I’m gonna say it, I’ve been missing old President Biden.”
He remarked that, despite Biden’s apparent disdain for business interests, at least the former president remained consistent in his stance, even if he did not fully understand the stock market. In a departure from his usual commentary, Cramer even expressed a certain nostalgia for the policies of former President Biden.
“Here’s the bottom line: Wall Street hates tariffs, but what it hates even more is inconsistency and unpredictability. I’m actually pro-tariff. That’s not the point. I think the market would be in much better shape if President Trump used what I would call rapidly escalating tariffs. You start them at 15%, you go up 5% every single weekend and you stop at 50% because at least we then have some clarity and what’s coming and more important, when it will occur.”