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.

    • @[email protected]
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      fedilink
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      015 days ago

      I’ve been saying this for years - why does anyone listen to him? He has no credibility - his whole life bio shows this clear as day.

      • @[email protected]
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        fedilink
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        015 days ago

        Americans are trained from birth to value ignorance as the greatest virtue. Donald Trump represents everything that American culture venerates.