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AI Anxiety and Metal Mayhem Shake U.S. Markets

U.S. stock futures stumbled as renewed doubts about the sustainability of the artificial‑intelligence boom rippled through financial markets. Tech-heavy benchmarks led the decline, with Nasdaq futures sliding and the S&P 500 also moving lower as investors reassessed whether AI-linked valuations have run too far, too fast. The unease wasn’t limited to equities. Precious metals experienced dramatic intraday swings, with gold and silver both whipsawing after a period of rapid gains. Traders pointed to shifting expectations around interest rates and safe‑haven demand as key drivers behind the volatility. The combination of tech-sector skepticism and commodity turbulence has created a tense backdrop for markets. While some investors see the pullback as a healthy reset, others worry it may signal deeper concerns about the durability of the recent rally. Markets now look ahead to upcoming economic data and corporate earnings for clearer direction.
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China Retaliates Against U.S. Tariffs with Agricultural Countermeasures

 

In a significant escalation of trade tensions, China has announced retaliatory tariffs on a range of U.S. agricultural products. This move comes in response to the United States' decision to increase tariffs on Chinese imports. The newly imposed Chinese tariffs, set to take effect on March 10, will target key American exports, including soybeans, pork, beef, and poultry, with additional duties ranging from 10% to 15%.

The agricultural sector, a cornerstone of U.S. exports to China, is expected to feel the brunt of these measures. Soybeans, the largest U.S. agricultural export to China, will face a 10% tariff, potentially disrupting a trade flow valued at nearly $13 billion annually. Other affected products include wheat, corn, cotton, and various dairy and seafood items.

China's actions highlight its strategic approach to diversifying its agricultural imports, with increased reliance on suppliers from South America and other regions. This development underscores the growing economic friction between the world's two largest economies, with both sides showing no signs of backing down.


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