A groundless rumor that claims US President Donald Trump would pause The newly imposed tariffs for 90 days, briefly sent the volatile US stock markets before the white house was that the announcement was “fake messages”.
The misinformation comes from a verified account to X, which is known for the publication of headings related to finance. While the Blue Checkmark of the platform once symbolized the credibility, this changed according to Elon Musk’s acquisition of X, which means that everyone can maintain the review by a paid premium subscription.
The misleading heading was based on an interview with Kevin Hassett, director of the National Economic Council, who was asked about the possibility of a 90-day break compared to the comprehensive tariffs during a segment of Fox News. Hassett replied vague that Trump will “decide what the president will decide” and did not confirm that such a step was taken into account.
Despite the lack of clarity, large outlets such as Reuters and CNBC recorded the heading and unjustified them. CNBC even cited it to explain the sudden increase in the stock market, which led to trillion dollars within minutes. The outlet later admitted to radiating unconfirmed information and explained: “When we pursued the news about the market movements in real time, we broadcast unconfirmed information in a banner. Our reporters quickly made a correction in the air.”
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Instead of calming the fears of millions of Americans Battles Under the pressure of the increasing costs and concern for inflation, Trump went on social media to distract the guilt. He wrote in a social contribution to the truth: “The United States has the chance to do something that should have been done decades ago. Don’t be weak! Don’t be stupid!
The Trump administration claims that the tariffs are an opportunity to restructure the global trading system in favor of America. Trump insists that oil prices, interest rates and food prices decrease and claim: “There is no inflation.”
However, criticism is from Americans of the working class to wealthy business leaders, many fear that politics could harm their economic interests. Bill Ackman, CEO of Pershing Square Capital Management and a Trump 2024 -endorser, warned on Sunday, April 6th, the enactment of the tariffs would be the start of an “economic nuclear war”. He added: “We travel to a self -induced, economic winter winter and should start to sit down.”
In the meantime, the comedian Jon Stewart aimed at the government’s news in the Daily Show and mocked the downplaying of economic fear.
“Our economy is in the middle of a beautiful metamorphosis and turns from a simple caterpillar into a dead caterpillar,” said Stewart.
