Yesterday, the financial markets experienced a clear upswing after a rumor about a possible 90-day break of the American import duties. Yesterday was spread by various news media, including CNBC and Reuters, that this would probably happen. The news ultimately turned out to be wrong what the White House in Washington confirmed. The reaction of the market was extremely explosive.
On April 7th, one appeared on X (formerly Twitter) News by Walter Bloomberg, in the idea that President Trump is considering a 90-day break for all tariffs except for China. Walter Bloomberg is a very established name on X with almost 1 million followers. The news was divided massively and even taken up by renowned news channels such as CNBC and Reuters.
False report has a significant impact on BTC course
Investors reacted strongly. The S&P 500 shot up more than 8 percent and the Nasdaq even 9.5 percent. The Dow Jones also increased 7 percent. Bitcoin (BTC) took part and shot over $ 80,000 for a short time, an increase of 6.5 percent. Overall, it was a temporary increase of about $ 2 trillion in market value.
The strong reaction to these false messages says a lot about the sentiment among investors. The crypto youtuber Lark Davis noticed: “The market is ready to accept long-term China negotiations as long as most deals can be solved.” He continued: “The market is ready to get through, even a weak delay of 90 days let the markets rise.” Also investor Violinist capital It saw it as a sign: “You now know that you can announce a break at any time and the market will increase about 10 percent in one day.”
The white house reacted quickly
The official “Rapid Response” channel of the White House immediately announced that the message was not correct and not true. It was based on an interview by Fox News With Trump’s business advisor Kevin Hassett. In it he said: “I think the president will decide what the president will decide.” So no confirmation, but also no clear negation. This left space for speculation.
On the same evening, Trump published a message on Truth Social, in which he threatened China again: “If China does not take back his increase of 34 percent over his long -lasting trade offices tomorrow, April 8, the United States will raise additional tariffs of 50 percent on China with effect from April 9th.”
We will most likely find out what will happen to the latter today.