Taunting your rivals doesn't always make for great foreign policy, Jim Cramer admitted to his Mad Money viewers Tuesday. Fortunately, Federal Reserve chairman Jay Powell will likely have our backs Wednesday with a widely expected quarter-point interest rate cut.

Cramer said the stock market's nightmare trade war/tariff scenario is if the Chinese do nothing and wait for next year's election. But that's exactly what President Trump suggested today in his tweets. Cramer said while the president may be right to level the playing field on trade, these taunts are not a wise strategy for calming the financial markets. But it will help for the Federal Reserve to cut short-term interest rates.

Without such a cut, increased tariffs could hurt the earnings of companies like Apple (AAPL - Get Report) , which posted stellar earnings Tuesday, and engine-maker Cummins (CMI - Get Report) , which saw international sales plunge 15%, slicing shares by 5% at the close.

Cramer told viewers they need to be looking for stocks like Trex (TREX - Get Report) , which soared 19% Tuesday on strong domestic sales, or Martin Marietta Materials (MLM - Get Report) , which rose 9.8% on its sales that exclusively come from the U.S. 

Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.

Executive Decision: Levi Strauss

For his "Executive Decision" segment, Cramer sat down with Chip Bergh, CEO of Levi Strauss (LEVI) , the denim and apparel maker that had a hot IPO in March, but has since cooled.

Bergh said Levi had a great quarter, one that included broad growth in many of the company's products, brands, categories, channels and geographies around the globe. While U.S. wholesale orders fell 2%, Bergh explained that if you remove the beleaguered Sears from the mix, wholesale orders were actually up 2% for the quarter.

Bergh added that Levi guided for mid- to high single-digit revenue growth this year, so after posting 10% growth in the first half, they are now being cautious for the remainder of the year.

When asked what's driving their growth, Bergh noted factors including collaboration with certain media as well as the lunch of new customized products. He said customers can now customize their own jeans with laser etching and have them shipped within a week.

Levi is also making strides in sustainability, Bergh said, by eliminating chemicals and adding new fibers like "cottonized hemp" to its products which requires less resources to grow. 

Executive Decision: NYSE

In his second "Executive Decision" segment, Cramer also sat down with Stacey Cunningham, the first woman president of the New York Stock Exchange.

Cunningham said the first half of this year has been the biggest for new IPOs since 2007 and companies are flocking to the NYSE because they offer less volatility, the greatest community of companies, a terrific suite of services and the ability to amplify a company's message around the globe. She said the NYSE's platform of technology plus people is far greater than those that just use technology alone.

The NYSE is also there to share in successes of companies with time-honored traditions like ringing the opening bell, she said.

When asked about the impact of tariffs and trade, Cunningham said everyone hopes an agreement will be reached soon, but in the interim, companies are looking to access the deepest capital markets in the world and that means they look to the U.S. and to the NYSE when they want to list their shares. 

Beyond Meat: Is it Ready?

Shares of the Beyond Meat (BYND) plunged 12% Tuesday after the company announced a secondary offering of stock. Cramer weighed in on whether the dip is the buying opportunity everyone has been waiting for.

Cramer said Beyond Meat, the product, is the real deal, offering the best tasting plant-based alternative to traditional burgers. He said while taste is subjective, with sales up 220% for the year, lots of people enjoy the taste. As for the competition? Cramer said the alternatives either don't taste good or they use genetically modified ingredients that runs contrary to the natural and organic ethos.

As for Beyond Meat, the stock, Cramer said he welcomes today's secondary offering and the subsequent decline because Beyond Meat has become a cult stock, disconnected from its fundamentals. With an increased supply of shares, Beyond Meat may begin trading at more typical levels, at which time they would become a terrific buy. 

On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.

Growth Requires Patience 

In his "No-Huddle Offense" segment, Cramer weighed in on Corteva Agrisciences (CTVA) the recent spinoff from DowDupont (DWDP) .

Cramer said there's a lot to like about Corteva. The company's seeds and crop protection products are terrific and the combination of assets from both Dow and DuPont makes this spinoff much stronger than either company would be alone. There's just one problem. Timing.

Cramer said the combination of bumper crops last year, a trade war this year and flooding in the Midwest is creating a tough time for farmers and Corteva isn't expected to see great earnings until 2020. Given shares trade at 20 times expected earnings, Cramer said he'd hold off buying this great company for now and wait until we have more clarity on what 2020 will actually deliver for shareholders. 

Lightning Round

In the Lightning Round, Cramer was bullish on Canopy Growth (CGC - Get Report) , Walt Disney (DIS - Get Report) , Ally Financial (ALLY - Get Report) , JPMorgan Chase (JPM - Get Report) , NVIDIA (NVDA - Get Report) and Cisco Systems (CSCO - Get Report) .

Cramer was bearish on Tiffany & Co (TIF - Get Report) . 

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, DIS, JPM, NVDA, CSCO.