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 day ago

    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
      3·
      1 day ago

      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)