White House Claims No Knowledge of 90-Day Tariff Pause
- White House is unaware of the 90-day tariff suspension
- The reports were labeled as ‘fake news’
- Prominent figures in the financial sector advocate for a reconsideration of the tariff strategy
Reports had fueled confusion regarding a potential 90-day pause on tariffs announced by US President Donald Trump. Word initially spread suggesting the Trump administration was weighing a 90-day suspension of the newly imposed tariffs for all countries except China.
The speculation apparently stemmed from comments by White House economic adviser Kevin Hassett during a Fox News interview. Asked about a possible pause, Hassett offered a noncommittal response: “I think the president is going to decide what the president is going to decide.”
Why Did Markets Reverse Course So Quickly?
However, CNBC reported that the White House categorically denied the speculation, labeling the reports and rumors ‘fake news’.
The conflicting information had immediate effects on financial markets. Following the initial reports of a potential tariff pause, US stock futures and Asian markets experienced brief upticks. Yet, upon the White House’s denial of such plans, these gains wer…
The post White House Claims No Knowledge of 90-Day Tariff Pause appeared first on Coin Edition.
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White House Claims No Knowledge of 90-Day Tariff Pause
- White House is unaware of the 90-day tariff suspension
- The reports were labeled as ‘fake news’
- Prominent figures in the financial sector advocate for a reconsideration of the tariff strategy
Reports had fueled confusion regarding a potential 90-day pause on tariffs announced by US President Donald Trump. Word initially spread suggesting the Trump administration was weighing a 90-day suspension of the newly imposed tariffs for all countries except China.
The speculation apparently stemmed from comments by White House economic adviser Kevin Hassett during a Fox News interview. Asked about a possible pause, Hassett offered a noncommittal response: “I think the president is going to decide what the president is going to decide.”
Why Did Markets Reverse Course So Quickly?
However, CNBC reported that the White House categorically denied the speculation, labeling the reports and rumors ‘fake news’.
The conflicting information had immediate effects on financial markets. Following the initial reports of a potential tariff pause, US stock futures and Asian markets experienced brief upticks. Yet, upon the White House’s denial of such plans, these gains wer…
The post White House Claims No Knowledge of 90-Day Tariff Pause appeared first on Coin Edition.
Читать больше
Tariff Time Again: What New US tariffs on China Mean for Your Crypto