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.

    • SLVRDRGN@lemmy.worldEnglish
      11·
      1 day ago

      I’ve been saying this for years - why does anyone listen to him? He has no credibility - his whole life bio shows this clear as day.

      • WhiskyTangoFoxtrot@lemmy.worldEnglish
        6·
        22 hours ago

        Americans are trained from birth to value ignorance as the greatest virtue. Donald Trump represents everything that American culture venerates.

        • freddydunningkruger@lemmy.worldEnglish
          1·
          12 hours ago

          Failing upward. Trump Steaks, Trump University, hell, he couldn’t make money running a CASINO: Trump Castle Hotel and Casino, bankrupt. Trump Plaza Casino, bankrupt. Trump Hotels & Casino Resorts, and Trump Entertainment Resorts… all bankrupt.

          Now he can add the US economy to his trophy case of participation ribbons.