The World Reacts To Trump's Sweeping Tariffs: 'No Basis In Logic'
www.huffpost.com
“Nobody wants a trade war," said one British official.

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.

  • barneypiccolo@lemm.eeEnglish
    3·
    1 年前

    The Sociopathic Oligarchs want to assign as much responsibility to AI as possible. Smart people are expensive, AI is cheap. That makes AI the better choice to run the world.

    • gravitas_deficiency@sh.itjust.worksEnglish
      31·
      1 年前

      I look forward to building my retirement in a handful of years in the recovery phase of this exercise in abject idiocy (assuming there is, in fact, anything to recover)