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.

    • @DNS@discuss.online
      link
      fedilink
      English
      53 months ago

      Nut had me when he blamed democrats for Trump. Not the actual Russians propping him up and the NRA who was funneled money from Russia to give to Republicans.

    • FlashMobOfOne
      link
      fedilink
      English
      3
      edit-2
      3 months ago

      Why?

      Democrats and Republicans have spent the last eight years convincing the poor and middle class that voting doesn’t matter. Hell, Democrats even subverted their own primary rules twice to strike that point home, and then argued in court that it was their right to do so when they were sued for it.

      I vote, but I can’t pretend it matters much when I watch most people in this country across the last eight years working gig jobs for 100 hours a week and all their labor can buy for them is a roach-infested studio regardless of where they live, and our president always has money and time for genocide.

      • @uienia@lemmy.world
        link
        fedilink
        English
        -13 months ago

        It is always someone else who is at fault for Trump except Trump himself, the Republicans, and people like you who didn’t vote.

        • FlashMobOfOne
          link
          fedilink
          English
          33 months ago

          Realistically, it’s the fault of people voting for shitty candidates. That’s not a matter of opinion, but of fact.

    • @Randomgal@lemmy.ca
      link
      fedilink
      English
      13 months ago

      Because that means you supported Trump, regardless of what you say, your actions helped put him in power.