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.
I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.
We can only hope.
or something ultra specific that is super easy to source from any other country, to exclusively hurt the american businesses
Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”
I’m sorry TERF island, that’s not gonna keep Trump from stabbing you in the back too.
It’s heartbreaking, really.
The UK is like a kid who just got his face covered in mud by bullies, and goes “aren’t my friends wonderful for playing with me?”.
The UK already shot themselves in the foot turning their back on the EU… they have no one left, they are done for
and the price of bitcoin dropped 4.4%.
I cannot express how much I hate that this appears in a serious economic article.
You don’t like hearing about made up currency with no backing that’s primarily used for pump and dump schemes and money laundering?
But arent all fiat currencies made up since there’s no gold standard backing them.
If I can’t pay my taxes with it, it isn’t a real currency.
I pay my taxes with Euros so I guess Mericuhn Dollers are not a real currency
Depends. Do Mericuhns pay their taxes in Dollers?
no tariffs on russia, only sanctions?
Don’t worry, they are working on removing those as well.
No basis in logic if he were actually trying to do what he says he is. He’s not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.
Dead horse economics:
Wake up you lazy horse!
Someone asked chatGPT how to apply tariffs to give America an equal playing field and it spit it a formula that looks shockingly similar to how trump calculated the tariffs
Try grok and you’ll get an exact match.
I don’t buy that Trump has anything to do with the logic behind this world-destabalizing shock and awe spectacle.
The conversation would be different if people stopped attributing authorship to him and acknowledged the massive decades-old machine using him as a mouthpiece.
But it sure makes people feel smart though. Gives them something to meme about while the people who planned this get the real dirt done. Maybe he’ll misspell a country name next… Do another ad for Leon’s dinkeys, Israeli beans or something. Stoopid Donald got poopy pance. lol.
You know what’s fun? Cancelling stuff and citing the reason as ‘tariff-related inflation’. It’s too new and there is no response script yet, so customer service doesn’t really argue.
Art of the deal, folks
It’s illogical to expect an illogical man to act logically.
Someone like trump needs hit first to avoid a confrontation.
Dumb man does dumb thing he considers a race and insists he won.
Trump basically ran his mouth, realized he had to drop something, whipped some crap together, took a dump in the living room and left for the golf field… exactly what MAGAtards wanted, hope you are enjoying it
what an absolute bafoon. so devoid of thoughts
The point is to make China the new boot on the throat of the human race instead of the US
no. the US is still the boot
That’s why they installed a Russian asset as president and why he has been destroying the US’s global influence and economy for the last 3 months.
