cross-posted from: https://lemmy.world/post/28033197

Summary

US stocks fell sharply Thursday after a historic rally, as investors refocused on lingering economic damage from Trump’s tariffs. The Dow dropped over 900 points, with the S&P 500 and Nasdaq also down.

Despite Trump’s 90-day pause on some “reciprocal” tariffs, others remain, including a universal 10% tariff and 25% duties on autos, steel, and more.

Economists warn of recession risks. China raised tariffs to 125% on US goods, with Beijing responding in kind.

Markets remain volatile, and analysts say temporary relief hasn’t changed underlying economic threats.

  • Null User Object@lemmy.world
    212·
    10 days ago

    No, that’s not clumsy wording. It’s nonsense. Beijing isn’t going to “respond in kind” to China raising tariffs. As you correctly stated, Beijing is China. What if it said, “The United States raised tariffs to ___% on Chinese goods, with Washington DC responding in kind.”? It’s exactly the same nonsense.

    • floofloof@lemmy.caOP
      27·
      10 days ago

      Beijing isn’t going to “respond in kind” to China raising tariffs.

      I read it as meaning Beijing/China will respond in kind to the USA raising tariffs.

      • Null User Object@lemmy.world
        8·
        10 days ago

        China raised tariffs to 125% on US goods

        That’s what Beijing is allegedly responding to in that sentence. There’s no alternative way to interpret it.