Speculation regarding a potential 90-day tariff suspension by the Trump administration sparked significant market volatility. Initial market gains following the rumor were quickly reversed as the White House issued a swift denial of these claims and affirmed its focus on tariffs in its economic policy. Kevin Hassett and Karoline Leavitt addressed the misinterpretations, solidifying the administration’s stance. Economic experts like Bill Ackman, meanwhile, advocated for the suspension, highlighting potential vulnerabilities within the economy, sparking concern among market participants. The stock market experienced significant fluctuations before correcting course. President Trump reaffirmed his belief in tariffs’ ability to bolster economic growth at a press conference.