#TariffsPause

There's been some confusion around a potential tariffs pause. Here's what we know:

- *Retraction of Tariffs Pause Report*: Reuters retracted a story claiming President Trump was considering a 90-day pause on new tariffs, citing a White House denial. The report was based on a mischaracterization of a statement by White House economic adviser Kevin Hassett.

- *Source of Confusion*: A viral social media post misinterpreted Hassett's comments on Fox News, leading CNBC to report on a potential 90-day tariff pause. Reuters then picked up the story, but later withdrew it after the White House called it "fake news".

- *Current Tariff Plans*: Trump has announced additional tariffs targeting goods imported to the US, with China exempt from the proposed pause and instead facing a 125% tariff hike.

- *Market Impact*: The initial report caused a surge in the Nasdaq, S&P 500, and Dow Jones, but the retraction likely mitigated further market fluctuations.