Jim Cramer on how Trump’s stance on China harms Nvidia and Apple

CNBC’s Jim Cramer is finding it challenging to stick with his top stocks – Nvidia and Apple – as he discussed the Trump administration’s tough trade policies and stance on China on Monday. Cramer highlighted the shift in U.S. policy towards China under Trump, from peaceful co-existence to a more confrontational approach.

Stocks took a hit on Monday, with the Dow Jones, S&P 500, and Nasdaq all dropping significantly, influenced by ongoing global trade tensions and concerns over strained U.S.-China relations. The tech giants, once dubbed the “Magnificent Seven,” including Apple, Nvidia, Tesla, and Meta, led the Nasdaq lower.

Cramer expressed concerns about the government’s bias against Apple and Nvidia, especially noting Nvidia’s semiconductor designs in high demand globally. He criticized the administration’s focus on cutting ties with China rather than fostering U.S. interests. Apple, heavily involved in China, faces challenges amid the trade war, with pressure to shift production to the U.S.

While acknowledging the risks, Cramer believes there could be a reversal of punitive policies by the Trump administration, but uncertainty looms. He emphasized the unpredictable nature of the current administration and its impact on the fate of Nvidia and Apple.

The White House did not provide a comment on the matter. For more insights, investors can join the CNBC Investing Club and follow Jim Cramer’s strategies.

Disclaimer: The CNBC Investing Club Charitable Trust owns shares of Nvidia, Apple, and Meta. For inquiries or guidance, contact Cramer at 1-800-743-CNBC.