CNBC’s Jim Cramer Rips Trump Tariffs As Stocks Plummet [Video]

CNBC’s Jim Cramer told co-anchors Carl Quintanilla and David Faber he thinks President Donald Trump’s tariffs have made China a “very big winner” and Mexico the “very big loser” — and said he wants more “respect” shown to Mexico.

Over the weekend, Trump announced stiff 25 percent tariffs against close U.S. trading partners Canada and Mexico and 10 percent on goods from China, which are set to take effect Monday. The move has sparked widespread criticism and an admission from Trump that at least short-term “pain” for consumers could result from the policy.

On Monday morning’s edition of CNBC’s Squawk on the Street, the opening bell saw the Dow Jones plummet over 500 points within seconds, while Cramer and his co-hosts calmly discussed the movement.

Cramer called it “not a great time” but all three preached calm and hope for a rally. Cramer and Faber also said that Trump’s attack on Mexico has benefited …