Donald Trump is considering a 90 -day break on prices? The White House Clarifies

The American stock markets brought the weight of the trade war caused by President Donald Trump on Monday when they had dropped at the start of trade. The markets, however, reacted positively to the alleged remark of an official that Trump was planning to break prices for 90 days, the industrial average of Dow Jones earned 300 points after a drop of 1,200 points.

Kevin Hassett reportedly told Fox News that President Donald Trump was going to decide everything he was going to decide. (AFP)

The increase in the index was triggered by an alleged remark of the White House economic adviser, Kevin Hassett, that US President Donald Trump was thinking about a 90 -day respite from his radical reciprocal prices for all countries except China. The remark had been shared by some social media users and became viral in a few minutes.

However, the White House quickly intervened and cleaned up the air, saying it was false news. Shortly after, the markets resumed their descending spiral.

What did Trump advisor really say?

Earlier in the morning, Hassett had spoken to Fox News, where he was not engaged in a potential break in the prices. “I think the president will decide what the president will decide,” he said.

Trump’s economic adviser also said that the impact of commercial wars was exaggerated, adding that the discourse of an “economic nuclear winter” was “completely irresponsible rhetoric”.

Trump does not back up on prices

Meanwhile, the American president also said that he was not interested in changing his position on aggressive prices even if they have triggered the merger of the world markets. He said that other countries had “benefited from the good Ol'usa” on international trade.

“Our past” leaders “are to blame for having allowed that, and many other things, happening to our country,” he wrote on his social network Truth.

He then urged the Americans to remain calm while the trade tensions continued to degenerate. He said the United States had the opportunity to take important measures “should have been made decades ago.”

“The United States has a chance to do something that should have been done decades ago. Do not be weak! Do not be stupid! Do not be a panican (a new party based on weak and stupid people!). Be strong, courageous and patient, and grandeur will be the result!” The president wrote on his social media.

Earlier, at the time of opening, Wall Street fell with other world markets. Dow Jones was down 1,200 points and the Nasdaq composite was 4% lower. The S&P 500 fell 3.8% at the start of negotiations.

The markets have been down since Trump announced the prices and in just two days later, more than 5 billions of dollars were deleted from the value of all American shares.

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