Top Trump official mocked online over false claim of Indian stock market crash after US green card curbs
A US Department of Labor official faced backlash for endorsing false claims on social media that the Indian stock market crashed due to new US visa restrictions. The restrictions target major IT firms, but claims of a market collapse were debunked.
Why it matters
The incident illustrates the rapid spread of misinformation regarding international economic policy and its impact on global markets.
A top US official has faced online criticism after appearing to endorse a false claim that India's stock market had collapsed following the Trump administration's latest restrictions on foreign workers, including Indian IT professionals.Anthony D'Esposito, Inspector General of the US Department of Labor, reacted to a post by American conservative commentator Benny Johnson on X with the words “Ruh roh”.The post claimed that India's stock market had “completely COLLAPSED” after the Trump administration suspended major technology companies from a programme linked to employment-based green cards.Social media users criticised the response, with some accusing the official of amplifying misinformation about India.On October 8, the Trump administration suspended eight major technology companies, including Cognizant, Infosys, Tata Consultancy Services (TCS), Wipro, HCL, Capgemini, Microsoft and Adobe, from the Permanent Labor Certification, or PERM, programme.The move came amid the administration's broader efforts to curb what it alleges is the misuse of foreign worker programmes…
Also covering this story
10 other newsrooms covered this event. We read each version separately.
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