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The Latest Breaking News from Kevin Hassett

Trump's Manly Tariffs

Plus: Supreme Court in a holding pattern, NYC acts like money grows on trees, and more...

Reason

How a false headline about a tariff 'pause' triggered a wild stock market jump

US markets briefly surged on Monday amid false rumours that President Donald Trump was mulling a 90-day pause on tariffs, before they plunged again. Euroverify investigates.

Euronews

Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’

Traders leaving the New York Stock Exchange were trying to make sense of another day of volatility

The Guardian - US

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Fake tariff news causes market whiplash

A single post from a verified account on X caused the market to surge and then fall within minutes

Salon

Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

The Independent UK

Bogus report on tariff pause briefly lifted markets before White House denied it

A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports

The Independent UK

False report of Trump considering a 90-day tariff pause sends markets on a wild ride

The unverified rumor, since debunked, came from an anonymous X account named Walter Bloomberg.

Fortune

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Markets Spike Over Quote About Trump Considering a Pause On Tariffs, Dip Again After Proven False

Markets suddenly spiked on Monday over a quote attributed to the director of the National Economic Council. They dipped again after it was proven false

Latin Times

Seesaw day ends with Dow down as Trump’s tariff reports send stock markets on wild swings

Claims that Kevin Hassett said Donald Trump is considering a 90-day pause on tariffs are ‘fake news’

The Independent UK

Market Panic Deepens As China Retaliates Against Trump Tariffs

Hong Kong's Hang Seng plunged more than 13 percent, its biggest drop since the 1997 Asian financial crisis, while in Japan the Nikkei 225 index fell an eye-watering 7.8 percent.

Latin Times

Market Panic Mounts As World Scrambles To Temper Trump Tariffs

"Sometimes you have to take medicine to fix something," Trump said of the market pain that has seen trillions of dollars wiped off the value of US companies since the beginning of his tariff rampage.

International Business Times

Market Panic Deepens As World Scrambles To Temper Trump Tariffs

Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president.

International Business Times

World Scrambles To Temper Trump Tariffs As Market Fears Mount

More than 50 countries have sought talks with President Donald Trump in a scramble to ease punishing tariffs on exports to the United States, the White House said Sunday, as trade partners braced for further fallout.

International Business Times

The ‘Dirty 15’ countries braced for harder hit from Trump’s tariffs as world prepares for ‘Liberation Day’

Trump is set to unleash his largest batch of trade tariffs on so-called ‘Liberation Day’ this Wednesday

The Independent UK

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Al Jazeera

Trump says reciprocal tariffs will target ‘all countries’

US president’s remarks dampen hopes that tariffs would target only certain countries.

The Independent UK

Business execs are calling up Susie Wiles in panic over Trump’s mixed messages on tariffs

White House chief of staff said to be fielding calls from chief executives and lobbyists seeking clarity on the president’s policies

The Guardian - AU

Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades

Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out

The Guardian - US

Global stock markets register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020

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International Business Times

Trump Declines To Rule Out 2025 US Recession

President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year.

The Independent UK

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it

AAP

Australia warned not to hit back at US with tariffs

The treasurer has pushed for Australia to be exempt from US tariffs on steel and aluminium imports, with a decision due soon from Donald Trump.

AAP

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

The Guardian - US

Alarm as bird flu now ‘endemic in cows’ while Trump cuts staff and funding

Experts say current US outbreak is unlikely to end without intervention with further mutation of virus likely

The Independent UK

DOGE has teased $5,000 stimulus checks amid mass spending cuts. Here’s what we know

Budget experts have weighed in as rumors swirl about $5000 checks being delivered to every taxpaying household

Top News

Government Efficiency Checks Not Expected To Cause Inflation Concerns

National Economic Council Director Kevin Hassett addresses concerns about inflationary impact of DOGE checks and emphasizes government spending as primary ...

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People

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Department of Government Efficiency

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National Economic Council

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