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CNBC s Jim Cramer on Friday detailed how President Donald Trump s global commerce decisions seriously inhibit two of the U S s biggest tech titans Nvidia and Apple Investors need to accept that Trump will continue to impact much of the arena he stated We have to make our peace with it and yes add it to the menace factors of owning stocks here It puts a premium on companies that Trump and his people play no role in he noted Unfortunately the list of companies that are exempt from presidential meddling grows shorter by the day CNBC s Jim Cramer on Friday detailed how President Donald Trump s global bargain decisions seriously inhibit two of the U S s biggest tech titans Nvidia and Apple Investors need to accept that Trump will continue to impact much of the territory he commented We have to make our peace with it and yes add it to the menace factors of owning stocks here It puts a premium on companies that Trump and his people play no role in he disclosed Unfortunately the list of companies that are exempt from presidential meddling grows shorter by the day The Trump administration put restrictions on exports of artificial intelligence chips specifically targeting China in an effort to protect national protection and limit the country s access to the advanced instrument These regulations hit Nvidia hard and CEO Jensen Huang warned they are a failure and are doing more harm to the U S than the China Huang noted the restrictions have cut Nvidia s realm share in China from to and motivated the country to make its own chips faster According to Cramer it is safer for China to rely on Nvidia for its majority of advanced chips than develop its own Trump is also targeting Apple with punitive tariffs even after the iPhone maker tried to move manufacturing out of China and into India But the president informed on Friday that the company will have to pay tariffs on phones made outside the U S Cramer disagreed with the governing body s action suggesting American-made iPhones will be too expensive for consumers and noting that the company has already created plenty of jobs in the U S Cramer disclosed there is specific precedent for heavy governing body interference in big business For example he mentioned former President Harry Truman took control of the railroads when a nationwide strike threatened to disrupt the financial system Later former President John F Kennedy chided steel companies for raising prices during an economically fragile time and pressured them to reverse the measures But in these instances the presidents were dealing with key national issues Cramer announced The current conflicts are because the president is exclusively telling companies what to do and where to go and going after them hard if they don t he continued No matter what the president s functioning as the chairman of the board overruling company execs about business decisions He s not accepting their rationales he reported He wants it his way In that sense he s inching step by step toward running what I call a command market The White House did not at once respond to request for comment Correction This story has been updated to correct when former President Harry Truman took control of the railroads Click here to download Jim Cramer s Guide to Investing at no cost to help you build long-term wealth and invest smarter Sign up now for the CNBC Investing Club to follow Jim Cramer s every move in the domain Disclaimer The CNBC Investing Club Charitable Trust owns shares of Nvidia and Apple Questions for Cramer Call Cramer - - -CNBC Want to take a deep dive into Cramer s world Hit him up Mad Money Twitter Jim Cramer Twitter Facebook Instagram Questions comments suggestions for the Mad Money website madcap cnbc com
