White House Denies Rumors of 90-Day Tariff Suspension

In Brief:

Reports of a 90-day suspension on tariffs were labeled “fake news.”

Markets briefly rebounded on the false rumor before resuming losses.

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On April 7, the White House denied speculation that it was considering a 90-day suspension of newly imposed tariffs. CNBC reported that a brief market rebound occurred after the rumor spread across trading floors and social media, following days of sharp losses in U.S. equities.

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The Dow Jones briefly turned positive before falling back, with officials clarifying that the administration remains committed to its current tariff policy. A spokesperson told CNBC the rumor was "completely fake."

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