How a false Trump tariff pause headline moved $2.4 trillion on Wall Street

Quick Summary:

Hassett on Monday appeared in an interview with Fox News where he backed President Trump's reciprocal tariff plans.

By 10:41 am, the White House had denied the claim, prompting a sharp decline that wiped out $2.5 trillion in market value within 23 minutes.

When asked if Trump would consider a 90-day pause on tariff - a statement made by the interviewer.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Wall Street misinformation 2025 Kevin Hassett tariff comment False Trump headline market impact Trump reciprocal tariff plan Trump tariff pause rumour Market manipulation via X CNBC Reuters Trump headline error $2.4 trillion stock market swing White House tariff denial Trump tariffs 90-day rumour Fox News Trump tariff interview Walter Bloomberg X post Social media stock market reaction Misinformation financial markets

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 11:58:35 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 27 lines

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Copyright Owner: © Business Standard

News ID: 27713091

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