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.

  • barneypiccolo@lemm.ee
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    1 day ago

    Have we forgotten that he has done this each month since he was Inaugurated?

    Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

    The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.

    It’s deliberate market manipulation.

    • Sanctus@lemmy.world
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      18 hours ago

      And we’ll all be destitute for it. Everyone loses when they do this, yes, even they do in the long run. Once nobody can buy a loaf of bread I’m sure we’ll collectively decide right at that moment that the rich actually do taste good and maybe they should pay more in taxes.

      • barneypiccolo@lemm.ee
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        1 day ago

        I’ve been using it ever since i heard thats what the younger staffers in the Biden White House called him. I found it simultaneously hilarious, vicious, and accurate. I encourage you and others to use it often.

        Agent Krasnov is an acceptsble alternative.

        Other suggestions:

        Kapo Stephen “PeeWee Himmler” Miller (my favorite)

        Steve “Unwiped Asshole” Bannon

        Empty G

        Lauren Boobert

        Big Boobie Bondi

        Couchfucker Vance (not very original, but a good reminder)

        Gold Digging Whore (the Propaganda Secretary, I can’t be bothered to learn her name)

        Traitor also works for all of them. Nazi, too.