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White House dismisses rumor that led markets to jump: 'Fake News'

14 0
07.04.2025

The White House pushed back on the idea that President Trump is considering a 90-day pause on tariffs as “fake news” after it spread on social media and caused the stock market to jump.

“Wrong. Fake News,” the White House said on X, sharing a post that Trump is reportedly expecting to do a pause.

A White House official also told The Hill “fake news” when asked about the reports.

The social media action began when a user on X, Walter Bloomberg, posted that Kevin Hassett, director of the National Economic Council, said Trump is considering a 90-day pause on all........

© The Hill