Summary

Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

      • non_burglar@lemmy.world
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        14 hours ago

        I would tend to agree with the process part of accelerationism, but I don’t think there is a goal.

        The “crazy like a fox” theory is contradicted by several pretty dumb tells that suggest the administration is headed and staffed by actual idiots.

      • lumony@lemmings.world
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        14 hours ago

        This is not the end goal.

        Anyone who believes this without critique is incapable of autonomous thought.

        • 1984@lemmy.today
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          14 hours ago

          Still it was too difficult for you to express your own opinions. Too scary?

            • Fluke@lemm.ee
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              12 hours ago

              “I’m too smart to deal with the likes of you.”

              Riding that dunning-krueger curve like a pro fucking surfer.

            • AJ1@lemmy.ca
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              12 hours ago

              it’s not really arguing if you’re not making a point though, is it? it’s just insulting people and refusing to explain why. that’s not the same thing as arguing.