By Admin 
Stock Market Crash: Donald Trump’s Tariff Policy has caused panic all over the world since the announcement of Tariff Policy. On one hand, people are scared of trade war. On the other hand, those who invest in the stock market are upset due to the falling market. However, experts believe that this decline is nothing, if the situation does not recover, then the condition of the American market can be like this in 1987.
What did the expert say?
American TV personality and market expert Jim Kramer has expressed fear about the stock market. He said that like Monday, April 7, 1987, the worst day can prove to be the worst day for the stock market! In his show Mad Money on CNBC, Kramer gave a clear warning that if US President Donald Trump did not contact countries who have not put up counter tariffs, it could be a crash like 1987.
He said that if the President does not encourage such countries and companies that are following the rules, then we can get to see a scene like 1987. Let us tell you, on April 2, Trump had announced to impose 10 percent baseline tariff on all countries. After this, America’s market fell badly. Dow Jones, Nasdaq and S&P 500. The three indexes saw a huge decline. Dow Jones Jahan, more than 2200 points fell and closed down 5.50 per cent. At the same time, Nasdaq fell 900 points and closed down 5.82 percent. While S&P 500 failed a big decline of 5.97 percent.
The whole world will suffer this destruction
This crisis was not limited to America only. The markets of Europe, Asia and India were also in the grip of this decline. Billions of dollars of investors were found in soil. Jim Cramer also said on the social media platform X that he does not want the situation like 1987, but he has gone through that era and he remembers how there were such signs of decline in the market even before ‘Black Mande’. However, he also said that this time a positive factor is that America’s job data is strong, so it is not necessary that the decline is directly transformed into recession.
What was Black Mande?
In 1987, on October 19, Dow Jones declined by 22.6 percent in a single day, which is considered to be the biggest one-day crash ever. At that time this incident shook America and later many economic policies were changed.
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