Jim Cramer weighed in on what's going on with Apple lately. 

To sum it up? China. 

Cramer breaks down his investing advice for investors watching Apple closely: 

"Something happened in the beginning of May that Manny Chirico, the CEO of PVH (PVH - Get Report) , talked about, but a lot of us do with the zeitgeist of China. But then I drilled down and something [Morgan Stanley analyst] Katie Huberty drills down too and I'll maybe talk about this [later], is that some companies really suffered from both potential tariffs on China and potential tariffs on the United States," said Cramer.

"And that's why Apple's (AAPL - Get Report) been so weak. I still stand by my own Apple, don't trade it, but I know on the stops going lower and Katie Huberty is a very good lesson about how it goes lower," he continued. "Well, why do you own something that could go lower? And the answer is you don't know when a break in trade could occur...The president's not tone deaf. If the president really drills down on an Apple exemption, that would be terrific."

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