Cramer: Tech Companies Are Following The Auto Sector's Lead

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U.S.-based technology companies have no interest in becoming the target of a Tweet from President-elect Donald Trump.

Trump blasted many U.S.-based automakers for either moving or planning to move production facilities outside of the United States and into Mexico.

For example, Trump Tweeted in early January: "GM is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A. or pay big border tax!"

Technology Companies Are Listening

"When the auto companies are targeted, I think they pretty much said, 'You know what, we're going to rethink taking things to Mexico,'" Jim Cramer said on Tuesday's segment of "Squawk on the Street."

Apple Inc. AAPL is among several technology companies that are now reconsidering prior plans to shift operations abroad.

Business Insider was first to report that Apple said in a federal government filing on Monday that it's looking to expand a "high-tech manufacturing" facility in Mesa, Arizona.

Apple needs the approval from the Foreign-Trade Zones Board in order to produce "finished products" in a special zone which would exempt the company from customs duty.

Apple's plans appears to be limited to assembling equipment for its internal operations and not for mass producing a consumer product.

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Posted In: CNBCJim CramerPoliticsTechMediaGeneralAuto MakersDonald TrumpDonald Trump Tweets
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