Forexlive: News of tariff suspension unconfirmed
2025-04-07 14:48:46
According to the financial website Forexlive, the headlines about what Hassett, the director of the National Economic Council, said caused some major changes in the market. The report said, "President Trump is considering a 90-day suspension of tariffs on some countries." Within minutes, the news was all over the place, but it looked like fake news. People were citing CNBC because they talked about the rumor, but they didn't report it. Some people said ABC coverage, but it also looked fake. Huge buying in the U.S. stock market reversed.
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