Summary

Donald Trump lashed out at China for retaliating against his new tariffs, calling the country the “biggest abuser” of U.S. trade.

After Trump imposed an additional 34% tariff on Chinese goods, China responded with its own 34% tariff on U.S. products and suspended key imports.

Financial markets in both countries plunged, with U.S. economists warning of a potential recession.

Despite backlash, Trump defended his strategy, urging the Fed to cut rates and calling the tariffs a path to long-term gain. Critics warn of global economic instability and rising protectionism.

  • @Grizzlyboy@lemm.ee
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    363 months ago

    The American arrogance is overwhelming. Presenting trade deficit as reason for tariffs, and then threaten other countries if they “retaliate”.

    Just die already.

      • @LadyAutumn@lemmy.blahaj.zone
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        3 months ago

        You say as though the attitudes presented by Donald Trump are not emblematic of centuries of American exceptionalism and white supremacist christian nationalism. Donald is not the first fascist in America. Nor is he the first American to believe that America is the protagonist nation of the world and has the absolute authority to do what it pleases and harm whoever it chooses.

        Trump is a manifestation of American arrogance. He falls perfectly in line with the same ultra nationalist dogma that has plagued the nation since at least the time of Reagan, who was himself standing in the ideological shadow of Jim Crow and the confederacy. Trump did not just walk into office. He was elected. Millions of people support the exact arrogance and egotism he espouses. They support his claims of American exceptionalism. They voted him in on a platform of global American power, of the power to weaponize cruelty and suffering on anyone who falls outside the categories of white, cisgender/heterosexual, American, and Christian. Those who voted for him live and breathe American arrogance, and he is an endless supply of it.

        • @Transtronaut@lemmy.blahaj.zone
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          143 months ago

          Well said. On top of all that, he is the President of the United States of America engaging in that position’s role as leading representative in the country’s interactions on the global stage. Like it or not, that makes his arrogance American arrogance.