In The United State: Jim Cramer Warns of Impending 'Black Monday' Stock Market Crash Due to Trump Tariffs

 

Black Monday is trending in The US because CNBC host Jim Cramer has predicted a 1987-like "Black Monday" this week, as a result of President Trump's tariffs imposition.

Jim Cramer who made  the prediction while speaking 

during his show Mad Money Show, warned that the situation would get worse if President Trump fails to  “reach out” to countries that haven't yet placed retaliatory tariffs on The US.

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Black Monday was a global, severe and largely unexpected stock market crash on Monday, October 19, 1987.  Worldwide losses were estimated at US$1.71 trillion. 

The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.