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.

    • @LeninOnAPrayer@lemm.ee
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      91 month ago

      17% and they’re already crying about it.

      Ironically it’s the closest the US has gotten to a BDS policy in its history with Israel.

  • @Jhex@lemmy.world
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    121 month ago

    “No basis in logic” will be both the title of Trump’s time in office and the reason why the USA collapses

  • @Jhex@lemmy.world
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    1 month ago

    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

  • @barneypiccolo@lemm.ee
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    891 month ago

    Have we forgotten that he has done this each month since he was Inaugurated?

    Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

    The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.

    It’s deliberate market manipulation.

      • @barneypiccolo@lemm.ee
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        1 month ago

        I’ve been using it ever since i heard thats what the younger staffers in the Biden White House called him. I found it simultaneously hilarious, vicious, and accurate. I encourage you and others to use it often.

        Agent Krasnov is an acceptsble alternative.

        Other suggestions:

        Kapo Stephen “PeeWee Himmler” Miller (my favorite)

        Steve “Unwiped Asshole” Bannon

        Empty G

        Lauren Boobert

        Big Boobie Bondi

        Couchfucker Vance (not very original, but a good reminder)

        Gold Digging Whore (the Propaganda Secretary, I can’t be bothered to learn her name)

        Traitor also works for all of them. Nazi, too.

    • @Sanctus@lemmy.world
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      41 month ago

      And we’ll all be destitute for it. Everyone loses when they do this, yes, even they do in the long run. Once nobody can buy a loaf of bread I’m sure we’ll collectively decide right at that moment that the rich actually do taste good and maybe they should pay more in taxes.

  • @Bubbaonthebeach@lemmy.ca
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    71 month ago

    UK and Italy are playing Trump’s game. He doesn’t negotiate. He demands tribute and only honours agreements if they are a win for him and he feels like honouring it at the time. Canada has a Trump negotiated trade agreement - the best agreement ever, in his parlance. It is apparently not worth the paper it is written on.
    Countries must negotiate trade agreements - with everyone except the USA. And citizens must support their countries by not purchasing any thing from the USA. As for the few Americans that didn’t vote for Trump, so sorry but your fellow Americans still fully support him. So it isn’t “just Trump”, it is America that is the problem. Trump is simply reflecting who the majority of Americans really are.

  • @N0body@lemmy.dbzer0.com
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    901 month ago
    1. Order tariffs
    2. Make everything more expensive for everyone everywhere
    3. Piss off the entire world and invite countermeasures
    4. ???
    5. MAGA
  • InEnduringGrowStrong
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    1061 month ago

    If I was Prime Minister, I’d impose a retaliatory tariff of 9000% just because it’s all just this stupid.
    Call it the Goku tariffs, but drag it out over an hour or two with a lot of screaming.

  • @Mediocre_Bard@lemmy.world
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    251 month ago

    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.