Global Markets Plunge Over Trump Tariffs, Netizens Say 'Orange Is The New Black Monday'

Last Updated:April 07, 2025, 08:46 IST

Global markets plunged amid fears of a recession, triggering viral memes dubbing the crash 'Orange Monday'. Investors braced for a potential economic fallout as Trump stood firm on tariff plans.

A portrait of US President Donald Trump (Source: X)

‘Orange Monday’ memes and posts flooded social media this morning, amid fears of a ‘Black Monday’-like crash moments after major stock indexes plunged in Asia.

This came as White House officials showed no sign of backing away from their sweeping tariff plans.

Investors wagered the mounting risk of recession, which could see US interest rates cut as early as May.

Futures markets moved swiftly to price in almost five quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.

The carnage came as US President Donald Trump told reporters that investors would have to take their medicine and he would not do a deal with China until the US trade deficit was sorted out.

On April 5, market analyst and CNBC host Jim Cramer had warned investors about a ‘Black Monday’-like crash on April 7.

Meanwhile, social media users were quick to post memes over what they called an ‘Orange Monday’.

“I swear if the market crashes tomorrow and it isn’t called Orange Monday for the rest of time I will lose my s**t. None of this Black Monday 2.0 crap. ORANGE MONDAY!," a post on X read.

“I just want to put this out there – if tomorrow is another Black Monday (and it looks very much like it will be) I say we call it “Orange Monday"," someone else posted.

Another user posted a morphed banner showing Donald Trump with “Orange Monday" written on it. “Tomorrow might go down in history as Orange Monday," he wrote.

“They’re saying Orange is the New Black Monday," a fourth user posted.

Investors had thought the loss of trillions of dollars in wealth and the likely body blow to the economy would make Trump reconsider his plans, according to Reuters.

The pain likewise engulfed Europe, with EUROSTOXX 50 futures down 3.0 per cent, while FTSE futures lost 2.7 per cent and DAX futures 3.5 per cent.

Japan’s Nikkei sank 6 per cent to hit lows last seen in late 2023, while South Korea dropped 5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 3.6 per cent.

Chinese blue chips lost 4.4 per cent, as markets waited to see if Beijing would respond with more stimulus. Taiwan’s main index, which had been shut on Thursday and Friday, tumbled nearly 10 per cent, leading policymakers to curb short selling.

Brent fell $1.35 to $64.23 a barrel, while U.S. crude dived $1.395 to $60.60 per barrel.

News viral Global Markets Plunge Over Trump Tariffs, Netizens Say 'Orange Is The New Black Monday'