How a false X post about pausing tariffs led to multi-trillion-dollar market swings

Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.

(Image credit: Seth Wenig/AP)