CNBC triggers stock market surge after misinterpreting Hassett interview over Trump’s tariffs

CNBC triggers stock market surge after misinterpreting Hassett interview over Trump’s tariffs


The White House says it is not considering a 90-day pause on its sweeping tariff policy despite an erroneous report amplified by CNBC claiming it was open to doing so.

The stock market saw all major indexes tank at open as the fallout from the president’s tariff plan commenced, but its attitude quickly changed after the false report made the rounds. The erroneous claim appears to have originated from an interview with National Economic Council Director Kevin Hassett on Fox News’s Fox and Friends, in which he was asked if the administration would consider a 90-day pause on the tariffs.

Wrong. Not only did Director Hassett not say this (clip below), @POTUS has been clear — “it all has to change, but especially with CHINA!!!” https://t.co/3Kvt8AScAZ

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