Black Monday prophet Jim Cramer flags looming recession as trade war rattles markets, warns against panic selling

Jim Cramer warned that Trump’s escalating tariffs could trigger a U.S. recession, though a systemic collapse is unlikely.

He urged calm, suggesting the White House might roll back tariffs if inflation, trade progress, and jobs falter.

Global markets rebounded slightly after steep losses, but investor anxiety remains high amid trade uncertainty.

Cramer joined other business leaders in calling for de-escalation, warning that confrontation may prolong economic pain.