A widely circulated statement on the Internet claims that the President Donald Trump Declared a national emergency and ordered the closure of U.S. stock markets.
What does the post claim?
The claim stems from a draft executive order circulated by pro-Trump lawyers who, according to multiple sources, asserted without evidence that China interfered in the 2020 election to support a declaration of a national emergency that would give the president more voting power.
The post claimed that President Trump said there was a threat to the U.S. financial system. The post further claimed that Trump ordered “all transactions to be shut down immediately.”
The White House also reportedly announced a shutdown of the U.S. stock market until “the system is completely stable.”
The viral posts speculated that the New York Stock Exchange (NYSE), Nasdaq, and all major U.S. exchanges would face closures due to tensions between Iran and the United States and an alleged call for a national emergency in the United States.
However, there has been no reliable confirmation from the White House, the Securities and Exchange Commission (SEC), or any official financial agency issuing such an order.
Read more: Will Donald Trump make any comments today about the Iran attacks?
Stock market closure does not result in national emergency
The claim cites the International Emergency Economic Powers Act (IEEPA), which allows the president to control certain financial transactions when declaring a national emergency. jeep However, the closure of U.S. stock exchanges has not yet been officially announced.
The complete shutdown of all U.S. exchanges would be an extraordinary step and would be announced immediately and publicly by reliable financial and government sources.
However, markets could still be volatile due to economic uncertainty, geopolitical concerns or policy decisions amid tensions over the Iran-U.S. conflict.
Read more: Killer robots and mass surveillance: Why the Trump administration is at odds with humanity
What should you know?
Investors and the public should exercise caution when encountering dramatic social media statements about national economic policies.
Always cross-check with trusted financial news outlets, official government announcements and market regulators before accepting major news headlines.
