US President Donald Trump’s new reciprocal tariffs have created big trouble in global stock markets. On Monday, the Asian stock markets saw a sharp fall.

Big Fall in Asian Markets

• Japan’s Nikkei dropped by 225 points as soon as the market opened.
• South Korea’s KOSPI index fell 5.5%, closing at 2328.52.
• Australia’s S&P 200 index dropped by 6.5%, ending at 7184.70.
• Earlier on Friday, the US Nasdaq had already fallen by nearly 7%.

Experts are warning that this may just be the beginning. If the situation doesn’t improve, the US markets could face a crash like 1987’s Black Monday.

Fear of Another Black Monday

Market expert and US TV personality Jim Cramer gave a serious warning. Speaking on CNBC’s Mad Money, he said that Monday could become the worst day for stock markets — like October 19, 1987, when markets crashed badly.

He said that if President Trump doesn’t talk to other countries and companies that are not retaliating with tariffs, the situation may get worse.

On April 2, Trump announced a 10% base tariff on all countries. After that:

• Dow Jones fell by over 2200 points (down 5.50%).
• Nasdaq dropped 900 points (down 5.82%).
• S&P 500 went down 5.97%.

What Happened in Black Monday 1987?

On October 19, 1987, the Dow Jones dropped 22.6% in a single day, the biggest one-day crash in history. That event shook the US economy and forced changes in financial policy.

This time, Cramer says the job market in the US is still strong, so a complete recession may not happen. But if things don’t settle, the markets could face huge losses again.