Jim Cramer says Trump tariffs are more punitive than reciprocal
1. Trump announced tariffs impacting over 180 countries and territories. 2. Cramer believes tariffs will negatively impact stock prices and inflation. 3. Investors should prepare for short-term market overreactions. 4. Tariffs could hurt company profits and disrupt trade relationships. 5. Cramer advises focusing on businesses serving small and medium enterprises.