PANews reported on April 7 that according to CNBC, the US stock market suffered a third consecutive day of heavy losses on Monday. Trump's shockingly high tariffs on most of the United States' major trading partners caused the market to collapse, but the White House remained indifferent. Shortly after the opening, the stock market rebounded briefly, and the Dow Jones Industrial Average entered a rising range. Speculation about some form of tariff suspension circulated on the trading floor and social media, which may have contributed to the stock market's temporary turn higher. The White House told CNBC that any talk of a 90-day suspension (of tariffs) was "fake news."