According to CNBC,US stock market suffered heavy losses for the third consecutive day on Monday. Trump's imposition of shockingly high tariffs on most of the US' major trading partners caused the market to collapse, but the White House remains indifferent. Shortly after the opening, the stock market experienced a brief rebound, with the Dow Jones Industrial Average entering the rising zone. Speculation about some form of tariff suspension spread in the trading hall and on social media, which may be one of the reasons for the stock market's temporary rise. The White House told CNBC that any claims about a 90-day suspension of tariffs are "fake news."
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The White House denies rumors that it is considering suspending tariffs for 90 days: all rumors are "fake news"
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yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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