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.

      • ProfHillbilly@lemmy.worldEnglish
        17·
        2 days ago

        I am really afraid that this is what America is coming to. The problem is that we have a third of the country that supports the Mango Mussolini.

        • Ænima@lemm.eeEnglish
          3·
          24 hours ago

          We’ll have to see if that holds true after people watch their retirements get obliterated by a drastic drop in stock values across the board. Biden didn’t do enough to show the people that the economy was doing well, and recovering better than other countries around the world, under his watch. Trump won’t be able to pin this downward economic trend on Biden cause it happened too fast and multiple sources have cited the import tax, or fear of them, at the reason for the stock market tanking.

          If owning the libs is so important that tRump voters will still vote for the ones actively hurting them, then those people are truly beyond help.