Trump 90-Day Tariff Pause Rumor Causes Stock Whipsaw Before White House Calls It ‘Fake News'—Here's What Happened
1. Trump's tariffs are defended despite market selloffs and skepticism from billionaires. 2. White House denies claims of a 90-day pause on tariffs as 'fake news'. 3. Market briefly rallied following tariff pause speculation, then fell after rebuttal. 4. Economists warn tariffs could worsen inflation and lead to recession risks. 5. Critics, including billionaires, voice concerns over the economic impact of tariffs.