Washington DC, April 7 -- The White House on Monday dismissed as "fake news" reports that US President Donald Trump is considering a 90-day pause on tariffs.

The reports and rumours claimed that Trump is considering a 90-day pause on reciprocal tariffs announced on April 2 for all countries except China.

"Wrong. Fake News," the White House said on X, sharing a post that Trump is reportedly expecting to do a pause.

White House Press Secretary Karoline Leavitt shared the post.

Earlier in the day, US stocks surged after sections of media reported that Kevin Hassett, Director, the National Economic Council of US said that President Trump was considering a 90-day pause on tariffs for all countries except China.

However, the rally was shor...