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On Friday, Host Mad Money Jim Cramer addressed growing market concerns as tensions between the United States and China pushed closer to what he described as a full -scale trade war. He noted that the general feeling was clouded by uncertainty. Cramer emphasized:
“At the end of the day, China is the low -cost producer. We need other countries to stand up and make the goods for us, or we need to build automated factories at home to do the same because wages in America are simply too expensive to compete.”
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According to Cramer, the two alternatives will take time to operate. In the meantime, he warned that Americans should prepare to either pay much more for goods or deal with a wide shortage, or probably both. He also warned that companies vulnerable to economic cycles could be particularly vulnerable.
As inflation pressure increased, Cramer argued that the wider economy is at stake. He emphasized that unless another country with a similar size and cost to China is unexpectedly emerging, the Federal Fund will have little ability to intervene meaningfully.
Cramer also highlighted an important reason China controls such a large proportion of American retail market. He explained that Chinese goods are not only cheaper but often good enough in terms of quality that many American companies are ready to challenge. He went on to say that Chinese manufacturers have long known how to price their products in a way that is discouraged American entrepreneurs.
For this article, we compiled a list of 12 stocks discussed by Jim Cramer during the episode of Mad Money broadcast on April 11.
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