Stocks Plunge After Trump Declares Web Rumor on Tariffs ‘Fake News’

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President Donald Trump speaks to reporters about the collision of an American Airlines flight with a military Black Hawk helicopter near Ronald Reagan National Airport, in the Brady Press Briefing Room at the White House on January 30, 2025 in Washington, DC.

The stock market had a brief moment of hope on Monday morning thanks to a false rumor.

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