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Jim Cramer On Berkshire Hathaway Inc. (BRK-B) – “Just Own It, Just Own It!”

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We recently published a list of What Did Jim Cramer Say About These 19 Stocks Recently? In this article, we are going to take a look at where Berkshire Hathaway (NYSE:BRK-B) stands against other stocks that Jim Cramer discussed recently.

Jim Cramer kicked off his latest episode of Mad Money by highlighting the wild swings in the market, the ongoing trade war with Canada, and the growing concerns about tariffs and inflation. Although tech stocks attempted a rally, it fizzled out by the close. Cramer described the volatile trading session by saying:

“We got a good sign. The beat-down tech stocks rallied and rallied hard at one point after a lot of time lost in the wilderness while the recession proof stocks, well, they finally got clubbed.”

Jim Cramer then explained that the reason behind this volatility is the escalating trade war with Canada. Here’s how he explained the situation:

“We got a trade war going with Canada. Here’s what happened, they announced a 25% tariff on electricity in our country earlier today. Immediately president Trump announced some hard retaliation doubling the tariffs on aluminum and steel. The steel side can be dealt with. Aluminum, I don’t know but it’s bad news. Canadians produce a huge percentage of that stuff for our airline makers, for trucks, for cars. A 50% tariff would be very inflationary and could destroy the profits of the automakers.”

Cramer then shifted his focus to the broader implications of the White House’s stance on the stock market. Here’s what he said:

“So, let’s talk about stock prices in the White House. Now this weekend, the President said he’s not focused on the stock market. Maybe if you’re in power and you’re not up for re-election, the stock market could be ignored. That’s just one problem. This is what the President’s forgetting: the stock market serves a dual role. Yes, it makes rich people richer, no doubt—at least when it’s going up. But when it goes down, it can also be a signal; a signal that things aren’t well in the economy, that business could be getting tougher, and that layoffs could be on the table.”

While Cramer agreed with the broader goal of addressing trade imbalances, he criticized the way the administration is handling it, which is causing widespread uncertainty. Here’s how he put it:

“Because of the President’s tumultuous approach to trade, these tariffs are beginning to scare people—regular people, you, me—and that’s what the stock market has been saying before the Canadians blinked and we momentarily avoid a real trade war. But we’re still seeing a pronounced decline in small business optimism. It’s a cliché. Small businesses are the backbone of the economy. Big businesses are always trying to trim costs, small businesses hire. We’re starting to see large shortfalls in many different industries.”