Trump's Tariffs Shake Global Markets, 'Black Monday' Predicted in the US

New Delhi (The Uttam Hindu):  Global brokerages and economists have warned of a future recession in the US considering the impact of the reciprocal tariffs announced by the Donald Trump administration. According to JPMorgan Chase & Co., "We expect to cut real GDP forecasts under the weight of tariffs and now expect real GDP growth of -0.3 percent for the full year, down from 1.3 percent previously."

Financial commentator and host of CNBC's show Mad Money, Jim Cramer, has predicted a 'Black Monday' like the one in 1987. Cramer has attributed this to the reciprocal tariffs imposed by US President Donald Trump on countries around the world. Cramer said - If Trump does not give relief to countries that follow the rules, then the 1987 scenario - a three-day decline and then a 22% decline on Monday - is the most likely. We won't have to wait long to know this. It will be known by Monday.

Jim Cramer's big prediction that has come true. In early 2022, Cramer predicted volatility in the market, which came true. Stocks saw huge volatility that year. The S&P 500 index fell by nearly 19%. His warning proved useful for investors. After the 2008 financial crisis, Cramer predicted a market correction in 2009. He advised investors to look for opportunities in beaten-down stocks. The S&P 500 index gained 23.5% that year.