The White House refuted rumors, confirming that the 90-day tariff suspension is "fake news," and subsequently, US stocks reversed their rebound trend and fell sharply!
Today, American stocks lost $2.1 trillion at the opening.
In addition, Kudlow said that Trump is considering suspending tariffs for certain countries for 90 days.
A group of American business associations and conservative lawyers are preparing to legally challenge Trump's tariffs, believing that he has no legal power to impose tariffs.
Interestingly, regarding Trump's consideration of suspending tariffs for some countries for 90 days, CNBC reported Reuters' report, but now CNBC says that the White House has not yet confirmed it.
The White House has stated: it seriously doubts that someone manipulated the US stock market with this false news and made a fortune.
After the White House refuted the rumor about Trump considering suspending tariff increases for some countries, US stocks plummeted.
⦁ S&P 500: -4.48%
⦁ Dow Jones Industrial Average: -3.85%
⦁ Nasdaq Composite Index: -4.93%
It's like a roller coaster!
Original source: https://www.toutiao.com/article/1828757159044106/
Disclaimer: The article only represents the author's personal views.