Skip to main content

Why Jim Cramer Says the Tariff Delay Had Everything to Do With Apple

Publish date:
Video Duration:

Things had certainly gotten a lot gloomier...until news hit that China held phone talks with U.S. officials.

The U.S. Trade Representative followed the news with an announcement that it would delay tariffs on several items that were to be included in the September 1 10 percent increase until December 15. That list of products includes cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.

Stocks soared on the news, with the Dow rocketing over 400 points.

Jim Cramer said the move was all about Apple (AAPL) .

"If you shut down Apple, then the Dow goes down," Cramer said.

Catch his full take on tariffs in the video above.

More from Cramer Today

Full Replay: Jim Cramer's Breaking Down Tariffs, and the U.S.-China Trade War

Here's Why Jim Cramer Thinks President Trump Changed His China Strategy

Jim Cramer: Here's Why You Should Own Gold

Jim Cramer Says Cannabis Is Getting Hot Again

Jim Cramer: What to Take Away From Larry Culp Buying More GE Stock

Premium Pick: Earnings to Tell Whether Cannabis' High Growth Story Is Going to Pot

Ask the Expert: The Scariest Thing All Investors Have to Face

C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do'

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below

Related Videos