How a fake claim about tariffs sent US markets into a trillion-dollar frenzy

US President Donald trump announced a 90-day pause on tariffs twice this week - one is true, and one is fake. On Monday morning, a post on X falsely claimed that ‘Trump is considering a 90-day pause in tariffs for all countries except China.’ The false rumor was quickly picked up by major news outlets, including CNBC and Reuters, as US stocks experienced a short-lived trillion dollar rally. We explain how this rumor began in this edition of Truth or Fake.

Apr 11, 2025 - 01:00
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How a fake claim about tariffs sent US markets into a trillion-dollar frenzy
US President Donald trump announced a 90-day pause on tariffs twice this week - one is true, and one is fake. On Monday morning, a post on X falsely claimed that ‘Trump is considering a 90-day pause in tariffs for all countries except China.’ The false rumor was quickly picked up by major news outlets, including CNBC and Reuters, as US stocks experienced a short-lived trillion dollar rally. We explain how this rumor began in this edition of Truth or Fake.

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