Jim Cramer says Trump's new tariffs are not significant for markets

Key Points:

• Trump’s new tariff package includes 60% duties on Chinese goods, expanding to sectors like EVs, solar panels, and semiconductors
• Jim Cramer says investors should ignore the noise, calling the tariffs “not meaningful” for stocks
• Markets largely shrugged off the announcement

CNBC’s Jim Cramer weighed in Monday on former President Donald Trump’s latest round of tariff proposals, calling them largely irrelevant for the markets. Despite headlines surrounding the new 60% tariff rate on Chinese imports, Cramer said he doesn’t believe the move will have a material effect on most U.S. companies or investors.

“This is all campaign noise,” said Cramer on Squawk on the Street. “These tariffs are not meaningful. The market doesn’t care.”

Trump’s proposed measures target sectors where the U.S. is increasingly trying to boost domestic production—such as electric vehicles and solar panels—but Cramer emphasized that many investors have already priced in political posturing ahead of the 2024 election cycle.

The Dow and S&P 500 saw muted movement following the news, with analysts noting that the actual implementation of tariffs would depend on the outcome of the election and may be softened if supply chains are impacted.

Market Implications:

• Cramer’s comments align with a broader investor view that tariff headlines rarely translate into long-term market effects unless paired with immediate, enforceable policy.
• Sectors most exposed—tech hardware, autos, and solar—showed little volatility in early trading.

Bottom Line:
While the rhetoric around tariffs may grow louder in the coming months, especially during campaign season, market veterans like Jim Cramer advise investors to focus on earnings and fundamentals, not political noise.