Cramer: This decline isn't about the Fed. It's about Trump and the elitesRents are rising at the fastest pace in almost two yearsMark Zuckerberg posing for the camera: Mark Zuckerberg Says He'll Testify Before CongressFILE--In this Jan. 16, 2013, file photo, assault weapons and hand guns are seen for sale at Capitol City Arms Supply in Springfield, Ill. Recent mass shootings spurred Congress to try to improve the background check system used during gun purchases, but experts say the system is so fractured that federal legislation being considered in Washington D.C. will do little to help keep weapons out of the hands of dangerous people. (AP Photo/Seth Perlman, file)a sign above a store: Toys R Us Hires Temporary Workers To Keep ‘Store Looking Full’ Amid BankruptcyStudent DebtUnited Airlines CEO Oscar Munoza view of a city: 5 Best Places to Buy a Condo for Investment Incomea close up of a person: Dubai's billionaire teena man standing in front of a car: America's Changing Workforce: Independent and Gig WorkersA Case IH tractor pulls a planter through a field as corn is planted in Princeton, Illinois, U.S., on Monday, April 18, 2016. The U.S. Department of Agriculture (USDA) is scheduled to release a monthly report on farm prices on April 29. Photographer: Daniel Acker/Bloomberga person standing in front of a monitor: We flew in the newest private jet in Warren Buffet's NetJets fleet — and it's a seriously plush ridea close up of a sign: Whole Foods executives fleeing after Amazon buyout: ‘Culture clash?’Berkshire Hathaway Chairman and CEO Warren Buffett gestures during an interview with Liz Claman on the Fox Business Network in Omaha, Neb., Monday, May 5, 2014. The annual Berkshire Hathaway shareholders meeting concluded over the weekend. (AP Photo/Nati Harnik)a drawing of a person: Facebook Has Lost $50 Billion In Market Cap This WeekRobots in this NJ factory have made life easier for employeesThe male birth control pill could become reality, but will men take it?
 

"As long as the 1 percent believes in free trade at any cost, it's going to weigh on the stock market when Donald Trump goes in the opposite direction," the "Mad Money" host said.

The wealthiest people in the United States, many of whom own stock in leading global companies, have long benefited from free trade, or the unrestricted exchange of goods and services, Cramer explained.

U.S. presidents and business leaders have also long supported free trade, making deals with other countries to expand global trade.

"President Trump does not share that orthodoxy and it's starting to dawn on the business community that the free ride may be over," Cramer said.

Top international companies like Apple, FedEx and Starbucks have also grown their businesses on the back of free trade, Cramer said. And, initially, many of Trump's moves benefited them.

"The combination of corporate tax cuts and repatriation were huge boosts to all the bottom lines of companies, not just the domestic ones," the "Mad Money" host said. "You could sense how much confidence there was when Congress passed the tax bill."

But then came the tariffs, an anti-free-trade move that shocked "Sure, the Chinese may steal our trade secrets. Yes, they take our manufacturing jobs, but boy, oh boy, do our companies make money there. Starbucks is 

Companies like FedEx now feel threatened that the president, determined to revitalize U.S. manufacturing, has potentially thrown their China operations into jeopardy, Cramer explained.

"The idea of a $1 tariff on Starbucks coffee, something I asked CEO Kevin Johnson about, seemed fanciful 18 months ago. Now it seems plausible," he continued. "FedEx planes may be made to sit on the tarmac while Chinese shippers roll on."

"Of course the stock market gets crushed, because nearly everyone with money in this country thinks this policy is lunacy, so they're freaking out and turning seller,"