CNBC host Jim Cramer warns of market clash ‘Black Monday’ on the Rivalization Roving Rovable Rovable 1987

CNBC commentator and market commentator Jim Cramer warned that America is in the store for another market clash “Black Monday” similar to the 1987 record collapse if President Trump does not limit his tariff plan.

Cramer who noted that the 1987 collision without the industrial average of Dow Jones with 22.6% in a single day that blood could be repeated after two-day brutal sale after announcing Trump’s comprehensive tariffs against nearly 90 countries.

“If the president does not try to achieve and reward these places and companies playing with rules, then the 1987 scenario … He where we landed three days and then down 22% on Monday, has more cogency,” Cramer said in his show on Saturday, referring to the worst autumn one day in the history of Dow.

“We will not have to wait long to know. We will know it by Monday,” he added.

The President shocked the global economy on Wednesday when he announced a 10% blanket fee for all imports in the US, with higher taxes imposed to come into force on April 9 against major exporters such as China, the European Union, Japan and Vietnam.

China announced revenge tariffs as a result of Trump’s order.

In the two days after the announcement of the “ERITION Liberation Day”, the dow was plunged with 3.910 points, making it the worst two-day loss since Pandemia.

The S&P 500 also collapsed by nearly 6%, with heavy technology nasdaq seeing a similar decline.

Total market losses deleted $ 6.6 trillion from the value of US markets.

While Cramer had fully supported Trump’s plan to impose tariffs, the market analyst said he would no longer be supportive if Monday’s gloomy perspective would pass.

“If President Trump stays intransigent and does nothing to improve the damage I saw in recent days, I will not be constructive here,” Cramer said.

“And if Europe moves against our fabulous technology companies next week, then I will get angry.”

While Cramer often controls his market foresight, he also carries a reputation as a stock receiver, with very often bet against his predictions to the point that it became an opposite trace of Cramer ETF in 2023.

The fund, who chose the opposite of Cramer’s election, was created after his ardent advice to abandon Meta’s Meta Stock’s parent shares after a shameful profit report – only for the double -ending shares.

Apollo economist Trsten Slok eventually warned that a recession may be available to the US depending on the shock of the market and tariffs.

“If these tariff levels stay in the country for several months and other countries retaliate, it will cause a recession in the US and the rest of the world,” the expert said on Friday.

Despite alarms saturated by economists and market analysts, Treasury secretary Scott Bessent said the administration will not change the course while he tried to minimize the fear of a near recession.

“There should not be a recession. Who knows how the market will react within a day, within a week. We are building a long term,” Bessent told a former defense fund manager for NBC News “meet the press. “