President Trump’s sweeping and severe new tariffs on more than 180 countries prompted a sell-off in stock markets in the U.S. and abroad, raising investor alarm over looming trade wars and accelerating inflation as the levies threaten to increase prices for consumers.

So says CNBC host Jim Cramer, who used his show Monday to call out Trump for recreating the “stagflation” of the early 1980s. “I cannot think of another president in my lifetime who could knock down the stock market simply by opening his mouth than Jimmy Carter,” said Cramer, who called it a “brutal” comparison.

Economists and analysts have expressed concerns about the potential repercussions of these tariffs. There is apprehension that levies could hike consumer prices, disruptions in global supply chains, a

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