
Wall Street’s main indexes fell back into the red in choppy trade on Monday after CNBC reported White House officials were not aware of US President Donald Trump considering a 90-day pause in tariffs for all countries except China.
The White House denial came after stocks rose on a CNBC report about Trump considering a tariff pause.
Wrong. Not only did Director Hassett not say this (clip below), @POTUS has been clear — “it all has to change, but especially with CHINA!!!” pic.twitter.com/JHucHjZm3S
— Rapid Response 47 (@RapidResponse47) April 7, 2025
CNBC did not immediately respond to a Reuters request for comment.
At 10:39 a.m. the Dow Jones Industrial Average fell 996.97 points, or 2.60%, to 37,317.89, the S&P 500 lost 115.21 points, or 2.27%, to 4,958.87, and the Nasdaq Composite lost 320.20 points, or 2.06%, to 15,266.70.
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