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.

  • proleEnglish
    1·
    2 months ago

    I mean we did like 40 years ago…

    • gandalf_der_12te@discuss.tchncs.deEnglish
      1·
      2 months ago

      40 years ago knowledge workers were in high demand, and IT was booming. Now, IT is enshittifying, so what do the workers do next? Where do they go?