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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...

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Beijing Promises Countermeasures as U.S. Tariffs Escalate Global Economic Tensions

 

Beijing has vowed to respond with decisive countermeasures following U.S. President Donald Trump’s latest round of tariffs on Chinese imports, further deepening an already strained trade relationship. In a statement released by China’s Ministry of Commerce, the government condemned the tariffs as “unilateral” measures that violate established World Trade Organization rules and exacerbate economic stress. Beijing announced that it would file a formal complaint with the WTO and take “corresponding countermeasures” to safeguard its legitimate rights and interests .

Trump’s administration justified the new tariffs as a necessary response to alleged unfair trade practices, including claims that China was insufficiently curbing the flow of fentanyl precursors and other issues tied to intellectual property theft. While U.S. officials argue that these measures are essential to protect American industries and rebalance the trade deficit, critics warn that the tariffs risk further destabilizing global supply chains and could lead to higher prices for consumers .

Although China’s statement did not detail the specific retaliatory actions it might take, analysts predict that Beijing’s response could target a wide range of U.S. exports—from electronics to agricultural products—potentially igniting a broader trade dispute. The escalating tit-for-tat actions have already raised concerns among market observers that ongoing tensions may not only impact bilateral trade but could also have far-reaching implications for the global economy.

As both superpowers brace for potential further escalation, experts emphasize the urgent need for renewed dialogue to de-escalate tensions and work toward a mutually beneficial resolution .


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