The mainstream media's knee-jerk reaction to President Trump's bold "Liberation Day" trade policy has once again proven why Americans shouldn't trust their doom-and-gloom predictions. After Trump announced a sweeping 10% universal tariff on imports with plans for targeted increases, the usual suspects rushed to predict economic catastrophe. But like so many anti-Trump narratives before, reality tells a different story.
Let’s be honest—bold change always brings a degree of uncertainty, and markets rarely react well to that. But President Trump made no secret of his plans. He campaigned on this exact agenda and has been upfront from the start: The road wouldn’t be easy, but the long-term payoff would be worth it. We have every reason to trust him. Still, the media can’t help themselves—they keep beating the drum of doom and gloom. Just look at CNBC’s Jim Cramer, who last week was predicting a Black Monday-style collapse.
“If the president doesn't try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario—the one where we went down three days and then down 22% on Monday, has the most cogency,” Cramer said. "We will not have to wait out too long, will we? We'll know by Monday. Fortunately, we had an excellent set of employment numbers today. At least it makes it less likely a crash will necessarily lead to a recession. But if President Trump stays intransigent and does nothing to ameliorate the damage that I saw these last few days, I'm not gonna be constructive here."
CNBC's Jim Cramer predicted a 1987 "Black Monday" style crash on Wall Street today.
— End Wokeness (@EndWokeness) April 7, 2025
NASDAQ closed HIGHER today. pic.twitter.com/KYWfgxmvsZ
I’m sure I don’t have to tell you that Cramer's credibility on market predictions is about as solid as Joe Biden on a flight of stairs on a windy day. This is the same financial “expert” who told investors to dump Meta stock right before it doubled in value. His Black Monday prediction proved equally worthless when markets essentially stabilized, with the Dow dropping a mere 350 points instead of the predicted catastrophic collapse, and the NASDAQ rising 15 points.
Related: Trump Humiliates Reporter For Asking 'Stupid Question' About Tariffs
Once you heard Cramer talking about Black Monday, you had to know it wasn’t gonna play out that way. Of course, the people who predict doom and gloom don’t want you to know that Trump’s strategy is working. Agriculture Secretary Brooke Rollins reported at least 50 countries have already initiated tariff negotiations. Even the European Union, despite initial posturing, has expressed willingness to come to the bargaining table. This is exactly what Trump's team anticipated -- using America's economic leverage to secure better trade deals that are fair for everyone.
While the initial market reaction saw the Dow drop 3,910 points over two days, perspective is important. The comprehensive scope of these tariffs, affecting nearly 90 countries, represents a fundamental restructuring of global trade relationships to put America first. Short-term market volatility is a small price to pay for reclaiming our economic sovereignty.
The mainstream media can continue their apocalyptic predictions, but the early results speak for themselves -- the markets appear to have stabilized, negotiations are underway, and America's economic leverage is being used to secure fair trade deals. Once again, the anti-Trump media's desperate attempts to undermine the president's agenda have collided head-on with reality. Perhaps they should focus less on amplifying unreliable doomsayers like Jim Cramer and more on reporting the actual facts.
