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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[–] perestroika@lemm.ee 37 points 1 day ago (6 children)

Trump's government has made the US a village idiot - and if the idiot gets into a fight with the whole village, the idiot will have more bruises.

Why he does that - I don't pretend to understand.

[–] BenjiRenji@feddit.org 5 points 1 day ago (1 children)

The village idiot has more guns than the whole village together. So I'm not sure he will accept the bruises.

[–] wanderingmagus@lemm.ee 2 points 21 hours ago

Until nukes start flying. I pray every day for the light of a thousand suns. We deserve it.

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