US Market Briefly Rallies Following Reports by CNBC, Reuters of a Tariff Pause

The White House said the reports that Trump is thinking about a 90-day pause were ‘fake news.’

Kevin Hassett, chairman of the Council of Economic Advisers, speaks during a press briefing at the White House in Washington on Sept. 10, 2018. Samira Bouaou/The Epoch Times

U.S. stocks briefly soared during the April 7 trading session, following reports by CNBC and Reuters that U.S. tariffs might be paused, which the White House has denied.

The two media outlets reported that Kevin Hassett, director of the National Economic Council, said President Donald Trump was considering a 90-day tariff pause.