Jim Cramer intensifies pressure on the Trump administration over deregulation delays

Jim Cramer, the host of CNBC’s Mad Money, pressed Trump’s administration on Tuesday regarding deregulation delays. Deregulation took center stage in Donald Trump’s presidency as he pursued a reduction in government oversight and rule-making based on a philosophy protecting individual, community, and enterprise freedoms.

CNBC’s Jim Cramer questioned the Trump administration’s deregulation delays, pointing out that so far, the Trump administration’s “big stick, small carrot” had stifled “the bulls”. Particularly, he questioned why the White House had not rolled back the restrictions on AI chip exports put in place by the Biden administration, terming the rules as arbitrary and “needless red tape”. 

Across the more than 400 federal agencies that regulate almost every aspect of American life, from flying in airplanes to processing poultry, Trump’s appointees are working with the Department of Government Efficiency, the cost-cutting initiative headed by Elon Musk, to launch a sweeping new phase in their quest to dismantle much of the federal government—deregulation on a mass scale. 

Cramer calls for faster rollbacks of Biden’s regulations 

Cramer raised concerns over delays by the White House in rolling back the restrictions on AI chip exports put in place by the Biden administration. He claimed that the regulations enacted during the last days of former President Joe Biden’s term-limited many countries’ access to U.S. chips, although officials said the rules were intended to protect the country’s AI technology. However, big Tech firms like Nvidia have pushed back, saying the restrictions crippled economic growth. 

Cramer asserted that the market was currently boosted by earnings results from six major banks, including JPMorgan, Morgan Stanley, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo. However, he pointed out that the Trump administration had not worked to remove an asset cap on Wells Fargo. Cramer also wondered why regulators had not approved Capital One’s purchase of Discover Financial, even as the Department of Justice said it would not block the deal. 

The Mad Money host suggested that some on Wall Street believed President Donald Trump would facilitate deregulation and create a boon for the big banks, ushering in a wave of new IPOs and deals. He, however, pointed out that this had not happened at the anticipated rate, and the market was “too pessimistic about sustaining companies looking to go public.”

“Not one of my ideas costs a fortune. As a matter of fact, they’re all as free-market as it gets…I never thought I’d say this to a Republican government, but hey, why don’t you guys try a little capitalism here.”

~ Jim Cramer 

The New York Times reported that the White House will soon move to rapidly repeal or freeze rules that affect health, food, workplace safety, transportation, and more.

What deregulation looks like under the Trump administration 

President Trump initiated a sweeping effort to remove many of the Biden administration’s executive actions after he regained control of the executive branch on January 20, 2025. Trump has indicated that his rollback of Biden-era actions, in addition to new deregulatory steps, were likely to continue throughout his second term. The Brookings Regulatory Tracker (“Reg Tracker”), developed during the first Trump administration to track deregulatory actions—and continued tracking of executive branch activities throughout the Biden presidency—was recently relaunched with renewed focus on the deregulatory actions of the second Trump administration.

At the Department of Health and Human Services, Trump administration officials want to reverse a regulation that has required nursing homes to have more medical staff on duty. Powerful lobbying groups have also asked the Mine Safety and Health Administration to eliminate a rule to protect miners from inhaling crystalline silica dust—a mineral that is used in concrete, smartphones, and cat litter but that can be lethal in the lungs.

And at the Federal Communications Commission, which regulates radio and television broadcasting and satellite communications, President Trump’s appointees published a seemingly exuberant notice titled “DELETE, DELETE, DELETE” asking for suggestions on which rules to get rid of.  

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