Trump Officially Confirms 10% Tariff Pause Rumor as Fake News
Earlier today, the White House issued a statement dismissing rumors of a potential 90-day pause on the administration's tariff plans, labeling such reports as "fake news."
Subsequently, during a White House press conference, President Donald Trump officially confirmed that these rumors are unfounded and reiterated his commitment to implementing the tariffs as scheduled.
The confusion originated from misinterpretations of comments made by National Economic Council Director Kevin Hassett during a Fox News interview. When asked about the possibility of a 90-day tariff pause, Hassett responded, “I think the president is going to decide what the president is going to decide.”
This noncommittal statement was erroneously construed by some as an indication of a potential delay in tariff implementation. The misinformation was further amplified by identical social media posts claiming that President Trump was considering a tariff pause for all countries except China.
This led to a brief surge in the stock market, with the Dow Jones Industrial Average temporarily recovering from a significant loss before the White House clarified the situation.
During the press conference, President Trump addressed the rumors directly, stating unequivocally that there would be no pause or delay in the tariff plans. He emphasized his administration’s commitment to addressing trade imbalances and protecting American economic interests. The President also expressed his displeasure with the dissemination of false information, highlighting the potential for such rumors to cause unnecessary market volatility and confusion.
The White House’s prompt response and the President’s clear stance aim to dispel any uncertainties regarding the administration’s trade policies. Investors and stakeholders are advised to rely on official communications for accurate information to avoid being misled by unverified reports.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
