According to observers, US President Donald Trump considered a 90-day tariff pause, shows the potential of a mighty market reflection if it was true.
A false post in news on October 7 from the verified account “Walter Bloomberg” said that the White House is considering a 90-day tariff pause after an interview with Kevin Hassett, one of Donald Trump’s economic advisors.
“Hassett: Trump is considering a 90-day pause in tariffs for all countries except China”, read the deleted post from a user who is not associated with Bloomberg News.
The bill, which has a verified badge and 852,000 followers, caused quite a stir after the rumor was incorrectly broadcast as a banner on CNBC, and then strengthened by Reuters.
The S&P 500 increased by over 8% from the low level on the day in response, Nasdaq added 9.5% in less than an hour, and Dow Jones pumped 7%, adding trillions on the stock exchange.
Bitcoin prices (BTC) recorded a similar jump, and the assets pumped $ 6.5% to $ 80,000 shortly before he returned again.
Official account of the “Fast Reaction” of the White House Published At X it was false messages, and the markets began to drop again.
“Rynek ready for a monkey” at the moment
While the rumor was overthrown as false, Crypto YouTuber Lark Davis he said that the episode revealed some critical things on the market.
The market is ready to accept prolonged negotiations in China, if most of the contracts can be terminated, he said before adding, “the market is ready for a monkey, even a poor 90-day delay caused the growth of markets.”
“Now imagine what happens when dozens of transactions are made with the best players, i.e. IE, India, Canada and Great Britain. Shit is a lot of money off the beaten track, ready for a monkey in the moment.”
“This false headline can give Trump, Navarro and Lutnick a greater confidence to keep push it” commented X Geiger Capital, who added: “They now know that they can announce a pause at any time and the market will accumulate 10% in one day.”
What really happened in an interview with Hasset
Fox News he asked Hasset or Trump will consider a 90-day pause in tariffs and received a non-binding answer. “I think the president will decide what the president will decide,” he said, adding: “Even if you think he will have some negative impact on the side of the commercial side, it is still a small part of GDP.”
Related: The billionaire investor “would not be surprised” if Trump put down the tariffs
“The idea that it will be a nuclear winter or something that is completely irresponsible rhetoric,” he said.
Kilmeade: Will Trump consider a 90 -day pause in tariffs?
HASSETT: I think the president will decide what the president will decide … Even if you think that there will be a negative impact on the site, it is still a diminutive part of GDP pic.twitter.com/3Kymvgowqg
– Aaron Rupar (@atrupar) April 7, 2025
Shortly after removing the 90-day post of tariff pause threaten China with even larger tariffs.
“If China does not withdraw their growth by 34% above their long -term trade abuses by tomorrow, April 8, the United States will impose additional tariffs on China at 50%, with a special April 9,” he said.
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