Jim Cramer on how Trump's stance on China harms Nvidia and Apple

Core Viewpoint - The current geopolitical climate, particularly the U.S.-China trade tensions and the Trump administration's policies, is negatively impacting major tech stocks like Nvidia and Apple, leading to significant market declines [1][4]. Group 1: Market Impact - The Dow Jones Industrial Average fell by 2.48%, the S&P 500 dropped by 2.36%, and the Nasdaq Composite decreased by 2.55% due to ongoing trade policy volatility [1]. - A 145% tariff on goods imported from China has been imposed, with China retaliating with a 125% duty on U.S. goods, further straining market conditions [1]. Group 2: Company-Specific Challenges - Nvidia is facing scrutiny from the Trump administration, which believes the company is not doing enough to prevent China from accessing its products [3]. - Apple is significantly affected by the trade war, as it relies heavily on China for manufacturing and sales, leading to concerns that the White House wants Apple to relocate production to the U.S. [3][4]. - Cramer suggests that the government is biased against both Apple and Nvidia, making it challenging for investors to hold these stocks [4]. Group 3: Investor Sentiment - Investors are hesitant to invest in Nvidia and Apple due to government-imposed expectations for weaker performance [4]. - Cramer has only slightly reduced positions in these stocks, indicating a belief that the Trump administration might reconsider some of its harsh policies if conditions worsen [4][5]. - The uncertainty surrounding the Trump administration's stance makes it difficult to predict the future performance of Nvidia and Apple [4].