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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."
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.
No it’s a major typo. China raised tariffs to 85%. U.S. raised tariffs to 125%.
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.
One mistake, doesn't a.I. make it. .
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.
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.
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.
That's what they meant, but it's not what they wrote
Bullshit. Read the article. It's entirely hallucinated.
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.
He and his wealthy friends could be potentially stealing billions from our retirement funds.
Feels like 2008 out there.
agreed, but we are still in the shallows... the follow-on 2008 redux hasnt even started to hit yet - I am waiting for bond market defenestration. this funamentally feels way more "insane"
It DOES have that 2008 "we know it's gonna be bad but we're waiting to see just HOW bad' vibe out there, doesn't it?
2008 at least had the feeling that unified executive and congressional action was possible regardless of universal agreement. I have serious doubts that enough republicans will act in contravention of trump. we are in mad king territory.
we are quickly running out of runway and its still engines on full power and flaps at zero degrees.
I didn't have that feeling. After all bush and later Obama didn't push for any of those responsible to face any repercussions.
to save the economy for the privileged and retain extractive opportunities from the rest of us, there was going to be something stabilizing done. I dont get that feeling now.
the ones responsible for 2008 were the beneficiaries of the bailouts and continued wealth extraction - aside from feeding on the rotting carcass of Lehman Brothers, of course no one but the public paid any real price. the owners of the country wont punish themselves.
No one but the public will pay the price this time.
indeed and as expected.
stay safe, friend.
The crazy thing is the buffet indicator is still way high. We have a lot farther to fall before Warren Buffet would suggest entering the market.
I just took a look at it for the first time in months. Not a lot has changed.
I guess we will get to see the effect on certain permanently 'overvalued' sub thirty dollar stocks when marge comes calling. I'm kinda curious if some of the conspiracy crap around the meme stocks is true.
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.
That isn't what I'm talking about.
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
I am so sorry. I have kids that are now trapped in this absolute dumpster fire of a country we have crafted. we need a different way, and getting there may be supremely painful.
I wish I had more to offer than "dont give up", but its basically what I tell my kids. soon enough the prior failures will be dead and its your job to make sure your contemporary failures never get anywhere near the leavers of power.
Appreciate it, yeah my will is strong and I want there to be a future for the next generations. I don’t have any kids myself and got the snip after November to make sure I don’t have any, just have to fight for what’s right and hope for the best. The quote from Samwise “there’s some good in this world Mr Frodo and it’s worth fighting for” is my creed basically and is a great reminder to stay in the fight
Nah more '29 vibes
Nah. The Hoover administration wasn't intentionally trying to crash the economy.
Except this time we get the tariffs before the crash.
Dead cat bounce
But I'm winning!
3rd term when‽¿‽