this post was submitted on 10 Apr 2025
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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.

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[–] nulluser@lemmy.world 60 points 1 month ago* (last edited 1 month ago) (1 children)

China raised tariffs to 125% on US goods, with Beijing responding in kind.

Summary written by AI.

Edit: For those not seeing it, in this context, Beijing is China. So, China responded to China? That's the kind of nonsense an AI writes, and that sentence is nowhere to be found in the original article. Hence, "Summary written by AI."

[–] floofloof@lemmy.ca -2 points 1 month ago (3 children)

It probably means "Responding in kind, China raised tariffs to 125% on US goods." The name "Beijing" is used to mean the Chinese government. It's clumsy wording, but not nonsense.

[–] tyler@programming.dev 25 points 1 month ago (1 children)

No it’s a major typo. China raised tariffs to 85%. U.S. raised tariffs to 125%.

[–] Hegar@fedia.io 12 points 1 month ago (1 children)

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.

[–] thedruid@lemmy.world -3 points 1 month ago

One mistake, doesn't a.I. make it. .

[–] nulluser@lemmy.world 19 points 1 month ago (1 children)

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.ca -5 points 1 month ago (2 children)

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.

[–] nulluser@lemmy.world 8 points 1 month 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.

[–] Revan343@lemmy.ca 6 points 1 month ago

That's what they meant, but it's not what they wrote

[–] SpaceNoodle@lemmy.world 17 points 1 month ago

Bullshit. Read the article. It's entirely hallucinated.

[–] Wilco@lemm.ee 39 points 1 month ago (1 children)

He is rug pulling an entire nation. Hell, probably the world. Trump is insider trading and MAGA is just too stupid to realize the grift.

[–] blandfordforever@lemm.ee 7 points 1 month ago* (last edited 1 month ago)

He and his wealthy friends could be potentially stealing billions from our retirement funds.

[–] MehBlah@lemmy.world 28 points 1 month ago (3 children)

Feels like 2008 out there.

[–] KittyKalledKarma@slrpnk.net 11 points 1 month ago (1 children)

Didn't remember U.S.A. threatening war against her own allies and China at the same time during 2008, more like idiot induced economic warfare.

[–] MehBlah@lemmy.world 2 points 1 month ago

That isn't what I'm talking about.

[–] captainlezbian@lemmy.world 7 points 1 month ago (2 children)
[–] MehBlah@lemmy.world 4 points 1 month ago

Except this time we get the tariffs before the crash.

[–] HobbitFoot@thelemmy.club 4 points 1 month ago

Nah. The Hoover administration wasn't intentionally trying to crash the economy.

[–] Fingolfinz@lemmy.world 7 points 1 month ago

Glad I was 20 in 2008 so my lifestyle had no changes at all during that recession, it was easy to stay a drugged out punk during that time

[–] ramble81@lemm.ee 9 points 1 month ago

Dead cat bounce

[–] 60d@lemmy.ca 3 points 1 month ago

But I'm winning!

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