this post was submitted on 03 Apr 2025
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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.

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[–] ThraawnSolo@lemmy.dbzer0.com 23 points 3 months ago (10 children)
[–] MrScottyTay@sh.itjust.works 17 points 3 months ago

Seems to be what a lot of the far right want. It's essentially what Brexit has done to us in the UK

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[–] StopTouchingYourPhone@lemmy.world 22 points 3 months ago (1 children)

I don't buy that Trump has anything to do with the logic behind this world-destabalizing shock and awe spectacle.

The conversation would be different if people stopped attributing authorship to him and acknowledged the massive decades-old machine using him as a mouthpiece.

But it sure makes people feel smart though. Gives them something to meme about while the people who planned this get the real dirt done. Maybe he'll misspell a country name next... Do another ad for Leon's dinkeys, Israeli beans or something. Stoopid Donald got poopy pance. lol.

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[–] charade_you_are@sh.itjust.works 21 points 3 months ago* (last edited 3 months ago)

He's got that dementia infused vindictiveness against the people who want him dead

[–] theacharnian@lemmy.ca 19 points 3 months ago (1 children)

Vlad Vexler makes the point that the point of is not at all economics but that it does have a basis in logic: it is about asserting that he can do this, that his political power is above economic rationality. It is a political move, not an economic play.

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[–] Naevermix@lemmy.world 18 points 3 months ago (1 children)
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[–] givesomefucks@lemmy.world 16 points 3 months ago

It's illogical to expect an illogical man to act logically.

Someone like trump needs hit first to avoid a confrontation.

[–] Azwing@lemmy.world 14 points 3 months ago

Dumb man does dumb thing he considers a race and insists he won.

[–] SoftestSapphic@lemmy.world 13 points 3 months ago (3 children)

The point is to make China the new boot on the throat of the human race instead of the US

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[–] Dragonstaff@leminal.space 12 points 3 months ago

The "Empires last 250 years" thing is bad history and not really supported by fact...but...

[–] Jhex@lemmy.world 11 points 3 months ago

"No basis in logic" will be both the title of Trump's time in office and the reason why the USA collapses

[–] Drusas@fedia.io 10 points 3 months ago

What the fuck did they expect?

[–] CileTheSane@lemmy.ca 10 points 3 months ago

So 100% on brand for Trump and America in general

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