Bengaluru, 7 April

On 6 April, American TV personality and market analyst Jim Cramer warned of a 'bloodbath' similar to that of 'Black Monday,' resulting from US President Donald Trump's tariffs. US stock markets suffered their worst trading session on 4 April, and the biggest drop since the COVID-19 global pandemic began, with market capitalisation falling by more than $5 trillion.

On 19 October, 1987, also known as Black Monday, a massive unexpected stock market crash occurred. The Dow Jones Industrial Average (DJIA) dropped by 22.6%, sending global markets into a tailspin. The crash is said to have been caused by a combination of several factors. Cramer encouraged the POTUS to 'contact' countries that have not imposed retaliatory tariffs, apparently to avoid a similar decline in global markets.

"If the president doesn't try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario... the one where we went down three days and then down 22 per cent on Monday, has the most cogency," Cramer said.