Cramer Blasts White House Trade Policy as S&P 500 Drops 3%

Jim Cramer, a prominent financial commentator, criticized the White House's trade policy measures on Friday, suggesting that they could further devastate the stock market. Cramer made these remarks during a period of significant selling pressure in the U.S. stock market, as the S&P 500 index dropped by 3% shortly after opening on Friday, following a 4.8% decline on Thursday.

Cramer expressed his bewilderment at the president's strategy, stating, "If your goal is to crash the market, then you are following a perfect plan." He went on to say, "I don't like this strategy. I don't support it... It's very disappointing." Cramer's comments came in the wake of President Donald Trump's announcement on Wednesday evening of comprehensive and higher-than-expected tariff measures, which further escalated global trade tensions.

Cramer clarified that he was not advising investors to exit the market, stating, "I will continue to hold. As for my charitable trust (the investment portfolio used by the investment club), we have sold enough assets." However, he added, "But I won't be buying the dip. I don't want to be a fool."

As the head of the investment club, Cramer further noted, "They need to be careful, because I can't think of any reason in the world why anyone would want to buy stocks."

President Trump, in a social media post on Friday, vowed that his policies "will never change," which heightened the uncertainty surrounding the future direction of trade policy. On Thursday, Trump had indicated that he would be willing to negotiate with trade partners if they presented "excellent" terms.

Cramer's remarks highlight the growing concern among financial experts about the potential impact of the White House's trade policies on the stock market. The escalating trade tensions and the uncertainty surrounding future trade policy directions have created a challenging environment for investors. Cramer's comments suggest that the current strategy may be detrimental to market stability and investor confidence.

The White House did not immediately respond to a request for comment on Cramer's remarks. The lack of response from the White House adds to the uncertainty and speculation surrounding the future of trade policy and its potential impact on the stock market. Investors and financial experts will be closely monitoring the situation as it develops, looking for any signs of a shift in policy or a resolution to the ongoing trade tensions.