The original text discusses US Defense Secretary Pete Hegseth's decision to terminate IT and consulting contracts with firms like Accenture and Deloitte due to perceived wasteful spending of $5.1 billion. The contracts supporting activities deemed "non-essential," such as DEI, climate issues, and the Pentagon's COVID-19 response, are also being terminated. Additionally, Goldman Sachs predicts more stock market challenges ahead, while China responds to US tariffs. Goldman Sachs believes Trump's 90-day tariff pause will not prevent further market declines. The US stock market saw significant losses, and Goldman Sachs' risk model indicates a high probability of more declines. Concerns about the trade war between the US and China persist, with China announcing increased tariffs on all US goods, which could negatively impact companies like Tesla.