U.S. Markets React to Trump Tariffs and White House Rumors
The U.S. stock market experienced significant volatility on April 7, 2025, as investors reacted to a series of developments related to former President Donald Trump's proposed tariffs and rumors emanating from the White House. Futures plunged, with the S&P 500 teetering on the brink of bear territory, amid a broader market rout.
The turmoil was exacerbated by speculation about a 90-day pause on Trump's tariffs, which led to jittery stock markets. However, the White House swiftly dismissed these rumors as 'fake news,' further contributing to the day's market instability. The administration's statement did little to calm investors, who were already on edge due to the ongoing trade tensions.
CNBC reported live updates on the situation, highlighting the impact of the proposed tariffs on various sectors, including cryptocurrencies. The uncertainty surrounding the tariffs and the White House's response underscored the fragile state of the U.S. economy, as investors grappled with the potential implications of these policy shifts.
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