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.

  • Hegar@fedia.io
    12·
    3 days ago

    Yeah but the US put 125% export taxes on Chinese goods, not US goods. Two opposite typos in the same clause is unlikely.

    This is exactly the kind of mistake AI makes - each clause makes sense on its own, but the parts don’t add up to a whole that makes sense, and the facts are just wrong.