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.

    • Fluke@lemm.ee
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 day 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
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 day 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.