Update — Wall Street whipsaws 2,000 pts on (false) rumor that Trump is pausing tariffs for 90 days. White House denies rumor, ‘tariffs will stay in place.’
President Donald Trump is threatening new 50% tariffs on China unless Beijing lifts its retaliatory duties on U.S. exports by tomorrow. The White House says any suggestion that Trump is considering a 90-day pause in tariffs is “fake news.” U.S. markets opened sharply lower Monday for a third trading session, as Trump’s tariffs paralyze global …