White House officials denied all reports about former President Donald Trump planning to suspend new tariffs for 90 days. A wire headline attributed this news to Kevin Hassett, who leads the National Economic Council.
Press Secretary Karoline Leavitt told CNBC reporter Eamon Javers that the article containing this headline served as “fake news,” as confirmed by CNBC. The White House administration officially rejected any plan to temporarily stop tariffs while maintaining President Trump’s existing trade policy positions.
Trump posted a fact-sharing video through social media that included Maria Bartiromo from Fox Business, who analyzed current market trends and economic data. Bartiromo discussed market developments, including declining interest rates and oil prices, and she attributed these changes to previous deregulation policies that strengthened Trump’s determination to continue his existing economic approach.
Trump’s Team Pushes Back Against Tariff Speculation as Markets Watch Closely
Director-level Trump administration staffers swiftly denied the early statement that Trump was considering canceling trade tariffs. The team vice president aimed their communication to stop market distortion and eliminate rumors about changes in the former president’s tariff approach.
According to Bartiromo, who declared this point in her video recording, President Trump will not back down from his policies. The video emerged to address market rumors while conveying Trump’s commitment to economic stability before his presidential campaign begins.
The White House confirmed its position through both the circumstances of Trump’s public announcement and the statement’s contents, as shared by @RapidResponse47 on X. There exists no such thing as a policy shift or internal review process that contemplates a pause on tariff programs according to the administration.
The initial reporting mentioned Hassett caused market professionals and policy experts to experience confusion about the situation. Officials clarified that the information received was mistaken and such misinterpretation does not demonstrate any tactical policy shift inside the Trump administration.
The administration disclosed this during debates about U.S. trade policy, manufacturing, and inflationary pressures. Investors and international partners will closely observe new developments that show signs of hesitation or redirection because such signals hold substantial importance.
Conclusion
White House officials have officially dismissed any consideration from President Donald Trump regarding a Temporary suspension of new tariffs. Officials dismissed the report as inaccurate before reiterating that the administration will keep following its present trade and tariff strategy.
