Market expert and CNBC host Jim Cramer issued a dire warning that the U.S. could face a financial catastrophe akin to the infamous “Black Monday” crash of 1987 if President Trump moves forward with his proposed tariff strategy without reconsideration.
Cramer, referencing the devastating single-day plunge of 22.6% in the Dow Jones Industrial Average that occurred in 1987, cautioned that a similar collapse could happen again. His comments came after Wall Street experienced a steep two-day decline triggered by Trump’s announcement of broad tariffs impacting nearly 90 countries.
Recent comments