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.

  • BearenBey@lemm.ee
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    1 day ago

    Norfolk Island was baffled by a 29% duty despite having no exports.

    Ahahaha. For a day, I want to be inside his head and see the world through his eyes. It would be the most valuable insight for humanity… If only to learn exactly what not to do.

    • Duamerthrax@lemmy.world
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      21 hours ago

      No thoughts. Only anger at being confused.

      More then racism, Trump’s appeal is being a simple answer to a complex question. Which happens to mean racism when applied to race relations, but also harebrained economic policies or injecting bleach into yourself. This is the same man who used a sharpy to change the path of a hurricane on a map rather then admit he misspoke.

    • WhatYouNeed@lemmy.world
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      22 hours ago

      It would be like that scene in Braveheart, where the Prince is having servants walk in front of him holding a full length mirror, so he can constantly admire himself.