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.

    • non_burglar@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 day ago

      I would tend to agree with the process part of accelerationism, but I don’t think there is a goal.

      The “crazy like a fox” theory is contradicted by several pretty dumb tells that suggest the administration is headed and staffed by actual idiots.

    • lumony@lemmings.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      6
      ·
      1 day ago

      This is not the end goal.

      Anyone who believes this without critique is incapable of autonomous thought.

      • 1984@lemmy.today
        link
        fedilink
        English
        arrow-up
        5
        arrow-down
        1
        ·
        edit-2
        1 day ago

        Still it was too difficult for you to express your own opinions. Too scary?

          • Fluke@lemm.ee
            link
            fedilink
            English
            arrow-up
            3
            arrow-down
            1
            ·
            1 day ago

            “I’m too smart to deal with the likes of you.”

            Riding that dunning-krueger curve like a pro fucking surfer.

          • AJ1@lemmy.ca
            link
            fedilink
            English
            arrow-up
            3
            arrow-down
            1
            ·
            1 day ago

            it’s not really arguing if you’re not making a point though, is it? it’s just insulting people and refusing to explain why. that’s not the same thing as arguing.