“I think that the president is going to decide what the president is going to decide,” Hassett replied. He added, “I would urge everyone, especially Bill, to ease off the rhetoric a little bit.”
AI Imposters: How to Detect Fake Faces, Voices, and Identities in a Digital World
Timeline: Monday’s Market Swings
- Pre-market: Markets were down significantly following last week’s sharp losses.
- 10:30 a.m. ET: Stocks unexpectedly surged. The Dow Jones and S&P 500 turned positive amid reports of a tariff pause.
- Shortly after 10:30 a.m.: The White House denied the report, calling it “fake news.”
- Late morning: The Dow plummeted again, ending with a loss of 629 points.
- End of trading: The S&P 500 and Nasdaq also reversed course and closed lower.
Global Impact of Trump’s Tariff Announcement
Last week, Trump announced a sweeping tariff policy applying at least 10 percent tariffs to all countries—except Russia. He referred to the decision as “Liberation Day,” claiming it would protect American interests. Some countries faced tariffs significantly higher than 10 percent.
