In This Article:
We recently published a list of Jim Cramer Reveals What’s Next After Tariffs & Discusses These 10 Stocks. In this article, we are going to take a look at where The TJX Companies, Inc. (NYSE:TJX) stands against other stocks that Jim Cramer discusses.
In his appearance on CNBC’s Squawk on the Street on Thursday, the day after President Trump unveiled his tariffs to reset America’s trade policies, Jim Cramer shared what will follow the tariffs. According to Cramer, the tariffs are just the first piece of the President’s economic strategy. He commented:
“I think that next is the tax cut that we get because there will be a lot of revenue because as David said they can’t move. No, look, when the mills come back, they’re made up of robots. That’s just the way it is.”
As to what consumers should do before the tariffs hit, Cramer believes that “You buy an iPhone. Yes. And you buy a car,” as these products are likely to see the steepest price increases once the rules make their way into supply chains.
The CNBC host also commented on what might happen to the auto industry as tariffs potentially raise prices and affect demand. According to Cramer:
“Well Q2 it depends on where we are in terms of the drop off. But autos, you know, you gotta buy a car now. I mean, it’s a great time to buy a car. Used car prices will spike.”
He also shared his thoughts on whether Deutsche was right about the tariff rollout and calculations presenting a larger risk about decision-making in the Trump administration “Well no, it’s just they don’t want you to, they want you to come back here as they just made it so that wherever you go, it’s bad,” said Cramer.
As to whether the tariffs are a negotiating strategy employed by the President to secure favorable trading terms, Cramer doesn’t believe so. “There’s no negotiations. You just, this is it. . . it’s not a negotiation,” he believes.
According to Cramer, firms that shifted manufacturing to Vietnam, he pointed out that businesses that shifted supply chains were proven wrong. “And I gotta tell you, that’s turned out to be the one that people thought if we go to Vietnam we’re safe. And it was just dead wrong,” he said.
Cramer also commented on whether Chinese companies putting factories in Mexico might let them evade tariffs. As he believes that the new rules are quite airtight, this won’t be the case according to him:
“No, they’re getting away with it right now. I don’t think they’re gonna get away with. Mexican parts is a really big flashpoint for the American companies and they don’t know the answer. Even the top people don’t know the answer about the Mexican parts. And how it’s gonna play out.”