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.

  • lumony
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    14 hours ago

    Textbook Stockholm Syndrome.

    You’re so dependent on what your abusers provide, it distracts you from what they take away.

    So again: Fall in line or die. Those are our options. If you don’t like it that’s really too bad. Such is life.

    Life is only this way because there are more people like you than people like me. Good job being a part of the problem instead of the solution.