White House denies tariff pause reports, Trump not satisfied with Vietnam 0% offer.

From StockTwits: 2025-04-07 14:44:00

President Trump’s reciprocal tariffs on 185 countries and territories, announced on April 2, have caused market turmoil and drawn criticism from investors like Bill Ackman and Ray Dalio. The White House denied reports of a 90-day pause on tariffs, calling it “fake news,” disappointing equity investors. Ackman criticized Trump’s tariff policy as “massive and disproportionate,” warning of a potential global “economic nuclear war.” Treasury Secretary Scott Bessent advised countries not to retaliate with counter-tariffs. Vietnam offering 0% tariffs did not satisfy the Trump administration, with accusations of “nontariff cheating.” The SPDR S&P 500 ETF Trust (SPY) was up 0.6% amid the chaos.



Read more at StockTwits: White House Shoots Down 90-Day Tariff Pause Reports, Trump Advisor Says Vietnam’s 0% Offer Is Not Enough