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
    link
    fedilink
    English
    arrow-up
    2
    ·
    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.