The stock market saw a broader rally than expected, and that's good news, the 'Mad Money' host says.
, both of which ended the session in the green, found it hard to gain traction because of the 25% tariff on $200 billion worth of Chinese imports.
"We've got a gauntlet of retailers reporting this week, and they could all be a little bit like Ralph Lauren," he said. "But at the end of the day many traders take their cue from the craziest things." Even as China's leadership has plans to hike tariffs on American exports next month, Trump is threatening to slap another 25% duty on $300 billion worth of additional Chinese merchandise. Cramer has written China's list of targeted industries off as "pretty pathetic."
While farmers are feeling the brunt of trade tensions between the world's largest economies, Cramer is less worried about the impact on agriculture because he's sure that Congress and the White House will bail out affected businesses. "Without some new trash-talking tweet from the president saying the trade talks are off, or some retaliation from China, that we haven't thought about [and] that will hurt more than the three Ts —Tito's Vodka, trout and American-made Tequila that they're gunning for — then what you see today is what you get," Cramer said.Questions for Cramer?
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