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Reciperochl tariff installed by President Donald Trump is seeing a very bad effect on international markets. Asian stock markets saw a drastic decline on Monday, where 225 points declined as soon as the market opened in Nikkei, Japan. & Nbsp;

While, Australia’s S & amp; P fell by 6.5 percent to 7184.70, while South Korea’s Korea fell 5.5 percent to 2328.52. Earlier, the market closed on Friday in the US Nasdaq at a decline of nearly 7 per cent. However, experts believe that this decline is nothing, if the situation does not recover, then the condition of the American market can happen as it happened in 1987.

Black Mande’s fear

However, American TV personality and market expert Jim Kramer has expressed the scary fearing 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 applied counter tariffs, it could be a crash like 1987.

He further 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 & Amp; 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 & amp; P 500 failed a big decline of 5.97 percent.

what was Black Mande?

This crisis was not limited to America only, but 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 that it is not necessarily transformed into a recession.

In 1987, on October 19, Dow Jones fell 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.

ALSO READ: This is the old feud of China-America clashed over the tariff, know what step against each other in the last 10 years

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