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.

  • lumony@lemmings.world
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    1 day ago

    I mean, it’s pretty logical.

    He wants to enrich his American buddies, and this is how we do it.

    Instead of competing fairly with foreign businesses, Americans artificially increase the prices of the competition so customers don’t have a cheaper option to choose.

    I want to say this country sucks, I really do. But in all honesty, this generation sucks. The greed and consumerism on both sides is what led us to this.

    It’s a two-pronged approach where we have the ‘lesser-evil’ morons working in tandem with the ‘greater-evil’ scumbags to ensure good never prevails.

    Fuck everyone who voted for hillary clinton and joe biden in their primaries. I put the blame squarely on them for why we have 2 trump presidencies.

    Big reason why I didn’t vote this election. Tired of supporting the “lesser-evil” crowd that never supports me for some reason. Loyalty is a one-way street with them.

      • DNS@discuss.online
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        1 day ago

        Nut had me when he blamed democrats for Trump. Not the actual Russians propping him up and the NRA who was funneled money from Russia to give to Republicans.

      • FlashMobOfOne@lemmy.world
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        1 day ago

        Why?

        Democrats and Republicans have spent the last eight years convincing the poor and middle class that voting doesn’t matter. Hell, Democrats even subverted their own primary rules twice to strike that point home, and then argued in court that it was their right to do so when they were sued for it.

        I vote, but I can’t pretend it matters much when I watch most people in this country across the last eight years working gig jobs for 100 hours a week and all their labor can buy for them is a roach-infested studio regardless of where they live, and our president always has money and time for genocide.

        • uienia@lemmy.world
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          1 day ago

          It is always someone else who is at fault for Trump except Trump himself, the Republicans, and people like you who didn’t vote.

          • FlashMobOfOne@lemmy.world
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            1 day ago

            Realistically, it’s the fault of people voting for shitty candidates. That’s not a matter of opinion, but of fact.

      • Randomgal@lemmy.ca
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        1 day ago

        Because that means you supported Trump, regardless of what you say, your actions helped put him in power.

        • tane@lemm.ee
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          1 day ago

          By that logic they would’ve supported Kamala by not voting had she won. Dumb

      • lumony@lemmings.world
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        1 day ago

        If you’re mad at me for not voting, blame the people who keep nominating establishment candidates.

        Every ounce of effort you spend trying to convince me to vote for the lesser-evil would be better spent convincing people not to nominate the lesser-evil.

        • Jamini@lemmy.zip
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          1 day ago

          Our options on the left are to unite yesterday or die.

          There isn’t really another option anymore. People are dying, now, because we can’t rally.

          • lumony@lemmings.world
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            1 day ago

            See, it’s that kind of panic that causes people like you to flock to your abusers again and again.

            I’m done supporting my abusers. You should be, too. Then we can actually start solving problems instead of just losing slower.

    • FlashMobOfOne@lemmy.world
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      1 day ago

      I don’t think this is a generational thing, personally, unless we’re talking about the Boomers.

      The Boomers took a vibrant, beautiful world and spent two generations driving it into this McDonaldized hellhole we live in, after reaping the benefits of the most prosperous economic period for workers in our history in the 1960’s. They’re still profiting now thanks to the lopsided tax policies that favor people with wealth.

      The vast majority of the country only has one or two choices when shopping for necessities now, so I can’t really blame them for the world that they were born into. Calling young people consumerist is just blaming them for circumstances of which they had no real control.

      • lumony@lemmings.world
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        1 day ago

        Calling young people consumerist is just blaming them for circumstances of which they had no real control.

        What? Have you heard the music they listen to? Gucci this, versace that. Have you seen the celebrities they look up to? Gold chains this, expensive tattoos that. Don’t even get me started on the cars that cost more than my house.

        Just try suggesting to them that delivery apps are scams or that they can be getting most of their digital entertainment for free and see what reactions you get.

        No, they are proud consumers doing their part to keep the disparity in wealth growing.

        • FlashMobOfOne@lemmy.world
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          Your point of view sounds a whole lot like the 2500 year-old history of blaming young people.

          In reality, however, it’s the Boomers who are largely responsible for the world we find ourselves in, not the 20 year-olds. Electing Reagan twice, by itself, was more harmful to American society and beneficial to consumerism than anything Gen Z has done.

          • lumony@lemmings.world
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            1 day ago

            Yes, boomers are responsible for what there generation did. We’re responsible for what our generation is doing.

            Don’t misconstrue my criticism of the current youth as exoneration for the previous generations.

            Like it or not, it’s a lot easier to manipulate young people into spending their money than it is older people. This is directly related to the concept of consumerism and how the powers that b have convinced yet another generation to follow in their parent’s footsteps of “those who have more deserve more, and those who have less deserve less.”

          • lumony@lemmings.world
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            1 day ago

            Yeah. That’s rhetoric people like you have been fed to justify your consumerism.