When it comes to China retaliation against the U.S. for tariffs, China could stop Macau gambling which would hurt casino stocks, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

However, Cramer doesn't think China will punish Starbucks (SBUX - Get Report) or Apple (AAPL - Get Report) when it comes to trade retaliation. 

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!