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.

  • FlashMobOfOne@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    5
    ·
    edit-2
    2 days 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
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      4
      ·
      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
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 day ago

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