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After Donald Trump's tariff war sweeps the stock market across the world. The US administration imposed a reciprocal tax on goods imported into the country. Investors called it a "Black Monday," after the effect of share market demolished did not spare cryptocurrencies. The Nifty 50 and Sensex crashed over 3,000 points on early Monday, April 7, which was an all-time low after the COVID-19 pandemic. Investors fear a recession and a global economy crash after the Trump administration imposed tariffs on all countries. In retaliation, China and other nations announced tariffs on the US, which triggered panic among investors and traders. The China index declined by 10%, while Japan's index fell by 8%. This raises concerns about a potential global recession that could affect everyone. The US S&P 500 dropped by 6%, and the Dow Jones fell more than 2,000 points on Friday, marking its worst week since the Coronavirus crisis. What is Black Monday?The Trump administration announced reciprocal tariffs on 180 nations last week, leading the global stock market crash. Market fears that higher taxes would hurt the American economy more than others and potentially push the country into a recession.In 1987, on October 19, markets across the world crashed, and the US Dow Jones Industrial Average fell 22.6%, its largest single-day bloodbath in history. This event triggered investors' losses of crores globally, and it is called Black Monday, one of the most infamous days in financial history.Also Read | Why Indian Stock Markets Crash Today? Experts Explain Sharp Fall in Sensex and Nifty.The S&P 500 experienced an even steeper decline, falling by 30& on the same day. The mayhem continued throughout the month, and by early November 1987, most major stock market indexes had lost over 20% of their value. While investors all around the world struggled, netizens did not stop themselves from sharing memes and jokes on social media despite serious concerns, as investors lost crores in a single day.One user shared a Bollywood style memes featuring popular comedy film Hera Pheri, with caption,"Arre Mujhe to chakkar aane lag gaye hain," refereeing to share market crash on Monday. India's Voltility Index (VIX) jumped by more than 50.20% in early trading as investors scrambled to cut their exposure. Affecting key sectors such as metals, IT companies and automobiles were hit hardest. Black Monday 2.0?Several experts, including American TV actor and market researcher Jim Cramer, termed today's blood bath of the stock market as 'Back Monday 2.0, ' comparing April 6 Monday to April 7 Monday, 2025. He US government over traffic for likely global recession. He encouraged the POTUS to “reach out” and take steps to avoid significant damage.Overall, experts warned of Black Monday 2.0 after the US stock markets witnessed their worst trading session and the largest drop since the COVID-19 global pandemic. Over USD 5 trillion was wiped off market capitalisation, and the key benchmark indices bore severe losses.

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