Amid investor panic, both national and international markets faced considerable turmoil on Monday. Trump's recent tariffs raised fears of a potential global trade war, leading to drastic declines across various exchanges. Japan and Taiwan experienced trading halts with drops of nearly 8% and 10%. European markets hit 16-month lows, while the Dow Jones Industrial Average faced a steep drop of 1600 points at one point, a reflection of last week’s over 4000-point decline. The day was humorously dubbed "Orange Monday," highlighting a singular decision impacting global finance.
American markets offered little room for optimism early Monday, with the Dow Jones Industrial Average opening down more than 400 points and freefalling down 1600.
Commenters have begun referring to the crisis as 'Orange Monday,' in reference to the 1987 stock market crash and to the president's skin tone.
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