Jim Cramer weighed in on whether or not tariffs are impacting American investors.

"I think that tariffs are not hurting the American investor, yet," he said. "I think that if we took them up that next notch, it would."

"The consumer hasn't felt [the tariffs] because the retailers are eating it, wholesalers are eating it," he explained. 

Cramer gave the example of the Dollar Store (DLTR - Get Report) , which is that the Dollar Store was paying a certain amount for their products and selling them to consumer with a higher price tag to keep it under a dollar, but now the Dollar Store is paying more than it used to and is still managing to keep prices under a dollar. 

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