U.S. Tariff Suspension Rumors Cause Market Fluctuations

According to Odaily, a report from financial website Forexlive regarding comments by the Director of the U.S. National Economic Council, Kevin Hassett, has led to significant market changes. The report suggested that U.S. President Donald Trump is considering a 90-day suspension of tariffs on certain countries. This news quickly spread, but it appears to be false. CNBC was cited as discussing the rumor, although they did not report it. Some attributed the news to ABC News, but this also seems to be incorrect. Consequently, the substantial buying in the U.S. stock market was reversed.