'Market Is Trying To Rebound—Keep Trump Off X,' Says Jim Cramer—Also Calls Out Canada's Carney For Making Trump Look Bad—'Really Bad Call'

Stocks remained in the red Tuesday as President Donald Trump's tariff threats sent shockwaves through the market, leading CNBC's Jim Cramer to urge Trump to step away from social media.

“Market trying to mount another comeback, please keep President Trump away from X,” Cramer wrote on the platform, expressing concern over Trump's online rhetoric fueling volatility.

The S&P 500 fell 0.8%, Dow Jones dropped 1.1%, and the Nasdaq slid 0.2%, marking their lowest levels since September. This followed Monday's brutal selloff, where the Nasdaq plummeted 4%, its worst single-day loss since 2022.

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Trump's Tariff Threats Stir Market Turmoil

Trump announced Tuesday he would double tariffs on Canadian metals and hike duties on Canadian-made cars, saying on Truth Social that it would “essentially, permanently shut down the automobile manufacturing business in Canada.” He later walked back the metal tariff threat after Ontario Premier Doug Ford agreed to suspend an energy tax on U.S. states. However, uncertainty lingered, deepening fears of an economic downturn.

The White House attempted to downplay concerns, with press secretary Karoline Leavitt calling the stock market “a snapshot of the moment in time” and blaming previous economic policies under Joe Biden for current instability.

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Jim Cramer Criticizes Canada's Mark Carney

Cramer didn't just direct his frustration at Trump—he also took aim at Canada’s incoming prime minister, Mark Carney, for escalating tensions with the U.S.

“Carney made Trump look bad. Really bad call. Walk it back… privately. Say that Canada wants to be constructive, work together… Or we get more of this,” Cramer posted, warning that Carney's hardline stance could worsen economic conditions for both nations.

Carney, a former central banker, won the Liberal Party leadership race in a landslide and is set to replace Justin Trudeau as prime minister. In his victory speech, he attacked Trump over his tariffs and rhetoric, saying, “We can’t let him succeed.” He vowed to keep retaliatory tariffs on U.S. imports “until the Americans show us respect.”

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Wall Street Grows Wary

Market strategists have become increasingly bearish amid fears of stagflation, downgraded economic growth forecasts, and Federal Reserve uncertainty. Investors are now focused on upcoming consumer and producer price data, which could indicate if inflation is cooling.

With uncertainty hanging over the markets, traders are bracing for more volatility. If Trump’s tariff plans shift again, or if Carney maintains his aggressive stance, further fluctuations could follow. For now, as Cramer put it, “Please keep President Trump away from X.”

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