According to CNBC, the U.S. stock market suffered heavy losses for the third consecutive day on Monday. Trump imposed shockingly high tariffs on most of the United States 'major trading partners, causing the market to collapse, but the White House remained indifferent. Shortly after the opening bell, stocks briefly rebounded and the Dow Jones Industrial Average entered rising territory. Speculation about some form of tariff suspension circulated on trading floors and social media, which may have contributed to the stock market's rally for a while. The White House told CNBC that any suggestion of a 90-day suspension was "fake news."