White House debunks rumors: Claims of considering a 90-day tariff suspension are all "fake news".

ForesightNews · 2025-04-07T18:51:30+00:00

The U.S. stock market has plummeted for the third consecutive day, with Trump's high tariffs causing market turmoil. Although there was a brief rebound after the opening, the White House took a tough stance on rumors of a tariff pause, denying any possibility of a tariff suspension, which impacted the stock market at one point.

ForesightNews

2025-04-07 18:51:30

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According to Foresight News, citing CNBC, the U.S. stock market was hit hard for the third consecutive day on Monday, as Trump imposed shockingly high tariffs on most of America’s major trading partners, leading to a market crash, yet the White House remained indifferent. Shortly after the opening, the stock market experienced a brief rebound, with the Dow Jones Industrial Average entering the rise zone. Speculation about some form of tariff suspension circulated in trading halls and on social media, which may have been one of the reasons for a temporary turn in the market. The White House told CNBC that any claims about a 90-day suspension of tariffs are “fake news.”

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