Recent fake news that US President Donald Trump considers a 90-day pause on tariffs showing the potential for a strong market rebound should take place, according to observers.
A fake X news post on April 7 from the verified account “Walter Bloomberg” said the White House was considering a 90-day pause on tariffs following an interview with Kevin Hassett, one of Donald Trump’s economic advisors.
“Hassett: Trump considers a 90-day pause on tariffs for all countries except China,” read the post that has been deleted from the user, which is not associated with Bloomberg News.
The account, with proven badge and 852,000 followers, caused a stir after the rumors was mistakenly released as a banner at CNBC and then reinforced by Reuters.
The S&P 500 sparks more than 8% from the low in the day in reaction, the Nasdaq added 9.5% less than an hour and Dow Jones bombed 7%, increasing trillions to stock markets.
Bitcoin (Btc) Prices have seen a similar spike, with asset pumping 6.5% up to the top of $ 80,000 moment before Fall again.
The official White House “Rapid Response” account quickly Na -Post In X it was fake news, and the markets began to collapse again.
“Market ready to ape” in a notice
While the rumors are debunked as fake, Crypto YouTuber Lark Davis Says That the episode revealed some critical things about the market.
The market is willing to accept long-term negotiations with China as long as most deals can be resolved, he said before adding “the market is ready to ape, even a lame 90-day delay that sends markets to sink.”
“Now think about what happens when twelve deals are made to top players ie, India, Canada, and UK. The shit ton of money is on the sides, ready to get attention in a while.”
“That fake headline could really give Trump, Navarro, and Lutnick more confidently to keep pushing it,” Commented X uses that Geiger Capital, which added, “They now know that at any time they can announce a pause and the market will be rare ~ 10% on a single day.”
What really happened in the Hasset interview
Fox News Question Hasset if Trump considers a 90-day pause on tariffs and is given a non-committee response. “I think the President will decide what the President will decide,” he said, and added: “Even if you think there are some negative effects from the side of the trade, that is a small part of the GDP.”
Related: The billionaire investor is ‘not surprised’ if Trump’s tariffs post tariffs
“This idea would be a nuclear winter or something like this is completely unresponsive rhetoric,” he said.
Kilmeade: Will Trump consider a 90 day to pause in tariffs?
Hassett: I think the president will decide what to decide the president … even if you think there is some negative impact from the trade side, that is a small part of GDP pic.twitter.com/3kymvgowqg
– Aaron Rupar (@atrupar) April 7, 2025
Shortly after the 90-day pause of tariff tariff pauses, Trump took his own social media platform, social reality, in threatening China with more tariffs.
“If China does not remove its 34% increase above their long-term trading abuse tomorrow, April 8, the United States will impose additional tariffs in China by 50%, effective on April 9,” he said.
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