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.

  • 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.