‘Tariffs Are Coming’: Markets Brace for Another Bleak Trading Session as Trump Vows No Retreat From Global Trade War

One of the few bright spots in the weekend’s news was CNBC’s Jim Cramer speculating about a ‘Black Monday’ scenario this week, and, as everyone knows, Mr. Cramer is almost always wrong.

AP/Evan Vucci
White House trade adviser Peter Navarro. AP/Evan Vucci

President Trump, his senior aides and Cabinet members say his new tariffs aren’t going anywhere despite market uncertainty. Investors are already bracing for what could be another Black Monday-style event as a result of the tax increases and the lack of clarity about which countries or companies may get relief from the administration — though they are finding some comfort in CNBC’s Jim Cramer potentially being wrong once again.

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