NEW YORK (TheStreet) --As Americans awake to the knowledge that Donald Trump (R) will be our next president, there is a myriad of questions that now lay before the nation. One of those questions left has to do with the next administration's influence on globalization.
"Seventeen of the Dow stocks, I would say, are companies that need globalization to continue," TheStreet's Jim Cramer said during TheStreet's Facebook Live event this morning. "I think globalization is going to be on hold."
Globalization is currently paused because of the trade rhetoric Trump has used throughout his campaign, in particular, his objection of NAFTA.
"I think he's going to say, Mercedes Benz, Lexus, BMW; if you want our markets back you have to put your plants up [domestically]. That's actually, I think, going to happen," Cramer noted.
Still, Cramer returned to his thesis that globalization is presently on hold, consequently impacting U.S. companies heavily invested overseas.
"I think companies like Yum! China (YUMC), Starbucks (SBUX), and Nike (NKE) you're going to take a pause on those," Cramer said.