"Tariff suspension" mischief plays the market, and this wave of CNBC is taking the big shot

Author:Azuma , Odaily Planet Daily

The global financial market was fooled by a fake news tonight.

At around 22:15 Beijing time tonight, mainstream media such as CNBC and Reuters have successively reported such "news" - Hassett, director of the US National Economic Commission, said that US President Trump is considering suspending 90-day tariffs on some countries.

At a time when the tariff policy sentiment was extremely tense, the "news" was immediately interpreted by the market as a sign that Trump intends to let go and accept further negotiations. Affected by this positive news, the global financial market rebounded rapidly, and the cryptocurrency market was no exception - OKX market shows that after the news came out, BTC once rebounded and broke through 81,000 USDT, and once hit 81,213.5 USDT.

However, not long after, some media and professionals quickly discovered something was wrong, and the above-mentioned "news" seemed to have fallacies.

• At around 22:25, CNBC clarified that no one in the White House knew about the 90-day tariff suspension.

• Immediately afterwards, Forexlive reported that the news had been spread everywhere, but it looked like fake news.

• Afterwards, CNBC reported again that the White House had told the media that any statement about the 90-day suspension of (tariffs) is "fake news."

• 22:57 At around 57, the rapid response team of US President Trump officially responded to market rumors and confirmed that the chairman of the US National Economic Commission Hassett had not said the relevant news, proving that the news was a false alarm from the media.

Affected by this clarification news, the global financial market immediately took a sharp turn for the worse and emerged from the roller coaster market. In terms of cryptocurrency, as of the time of issuance, BTC has fallen below 79,000 USDT, temporarily reported 78,827.5 USDT.

So, how did this false "news" come out?

After quick pieced together by market observers from various markets, the transmission path of the news is suspected to be as follows.

• The cause of the incident was that Hassett was asked in an interview with Fox News, "Will Trump consider suspending tariffs for 90 days?" Hassett said the tone of "Yep" before giving his answer, and then said, "I think the president will make his decision... Even if you think there will be some negative impact on trade, it will only account for a small part of GDP." Some people seem to misunderstand "Yep" as an agreement, but this "Yep" just wants to indicate that he has heard the problem clearly.

• Subsequently, some people who understood the wrong understanding began to spread rumors of "tariff suspension" as mentioned above on social media, but at first the rumor did not cause much storm.

• Immediately afterwards, CNBC mentioned the rumor during the live broadcast. Although the host said in the oral report that "I don't know if this is true", CNBC still directly hit the content of the rumor below the live broadcast screen.

• Then, many mainstream media, including Reuters, captured and reprinted CNBC's reports.

• The final result is that the rumor quickly ignited the global financial market...

Obviously, CNBC, which is not handled rigorously enough in the live broadcast, needs to take the blame for this misunderstanding. After the truth was revealed, a large number of users criticized CNBC on X, and some even angrily criticized the relevant personnel for being imprisoned for this.

Although this rumor has been falsified, the impact of the incident has been irreversible, especially the impact of the two-way large fluctuations on the contract market - Coinglass data shows that the entire network has been liquidated in the past four hours, of which the long position was 93.6636 million US dollars and the short position was 181 million US dollars. This is just the cryptocurrency market. If the scope is expanded to the global financial market, the impact of the rumor will be further expanded...

A misunderstanding triggered such a big reaction, which shows that the market is in a state of "trend". Any dynamics about tariffs and interest rate cuts may lead to large fluctuations in the market. For investors, please be sure to pay attention to the relevant risks and remember that "live now is more important than anything else."