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    <title>S&amp;P 500 plunges 6 pc to close its worst week since 2020 after China retaliates against Trump&#039;s tariffs</title>
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    <description>Beijing announced matching tariffs and related regulatory measures in direct response to the United States&#039; tariff increase, deploying reciprocal trade-retaliation mechanisms that raised cross-border trade costs and corporate regulatory risk. The retaliation precipitated a swift global market re-pricing-equity sell-offs, commodity price declines, and lower yields-while central banks faced a policy trade-off between using rate cuts to cushion growth and avoiding actions that could unanchor inflation expectations.</description>
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