this post was submitted on 03 Apr 2025
1050 points (99.2% liked)

World News

45419 readers
4020 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

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.

(page 2) 50 comments
sorted by: hot top controversial new old
[–] SoftestSapphic@lemmy.world 13 points 1 day ago (3 children)

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

[–] eurisko@lemmy.ca 6 points 1 day ago

I hate the fact that you are correct.

load more comments (2 replies)
[–] HighFructoseLowStand@lemm.ee 22 points 1 day ago (8 children)

I saw someone say it seems that the tariffs were calculated by dividing our trade deficit by their exports to us and cutting that number in half. Another person analyzed his charts and concluded they look a lot like they were generated by AI.

So, there is, literally no basis in logic. Either one of Trump's minions calculated what it would take to recoup the difference in the trade deficit and just wrote it down and he announced that as the new basis for international trade, which has never, ever been done, for the reason that it is fucking idiotic, or he asked Gemini how to execute his already objectively stupid policy and wrote an Executive Order making it the law.

And the fact that we are forced to accept people on the Internet's guesses about how he calculated these numbers may actually be worse than the fact that just about every product on the market more complex than a stapler just jumped about 30% in price.

[–] bender@infosec.pub 12 points 1 day ago

They published their “methodology” today, and it’s as dumb as you’d imagine: https://ustr.gov/issue-areas/reciprocal-tariff-calculations

load more comments (7 replies)
[–] StopTouchingYourPhone@lemmy.world 22 points 1 day 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.

load more comments (1 replies)
[–] Jhex@lemmy.world 7 points 1 day ago* (last edited 1 day ago)

Trump basically ran his mouth, realized he had to drop something, whipped some crap together, took a dump in the living room and left for the golf field... exactly what MAGAtards wanted, hope you are enjoying it

[–] b161@lemmy.blahaj.zone 50 points 1 day ago (2 children)

They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.

[–] Zaraki42@lemmy.ca 39 points 1 day ago (7 children)

He's imposing tariffs on uninhabited islands... what a fucking moron...

load more comments (7 replies)
[–] Bassman1805@lemmy.world 16 points 1 day ago (2 children)

They're mostly [Trade deficit]/[Exports to US]

Which is a fucking stupid basis for tariffs.

[–] BreadstickNinja@lemmy.world 15 points 1 day ago

It's possibly the most stupid basis for tariffs. The penalty is directly proportional to U.S. reliance on a country's imports. The countries that are the most important suppliers to the U.S. are penalized the most. It's a policy designed to cause maximum reshuffling of production, which maximizes the start-up costs of developing new factories and so on. And those factories are not going to be in the U.S. Import substitution industrialization is a failed policy and it won't work for reindustrialization either.

load more comments (1 replies)
[–] Sludgehammer@lemmy.world 104 points 2 days ago (3 children)

Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”

I'm sorry TERF island, that's not gonna keep Trump from stabbing you in the back too.

[–] ByteJunk@lemmy.world 34 points 1 day ago (1 children)

It's heartbreaking, really.

The UK is like a kid who just got his face covered in mud by bullies, and goes "aren't my friends wonderful for playing with me?".

load more comments (1 replies)
load more comments (2 replies)
[–] InEnduringGrowStrong@sh.itjust.works 104 points 2 days ago (3 children)

If I was Prime Minister, I'd impose a retaliatory tariff of 9000% just because it's all just this stupid.
Call it the Goku tariffs, but drag it out over an hour or two with a lot of screaming.

[–] Tempus_Fugit@midwest.social 69 points 2 days ago (9 children)

Wouldn't it have to be 9001%?

load more comments (9 replies)
load more comments (2 replies)
[–] N0body@lemmy.dbzer0.com 90 points 2 days ago (5 children)
  1. Order tariffs
  2. Make everything more expensive for everyone everywhere
  3. Piss off the entire world and invite countermeasures
  4. ??????????????
  5. MAGA
load more comments (5 replies)
[–] dryfter@lemm.ee 82 points 2 days ago (1 children)

"No basis in logic"

No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.

load more comments (1 replies)
[–] Litebit@lemmy.world 39 points 1 day ago (1 children)

no tariffs on russia, only sanctions?

load more comments (1 replies)
[–] falkerie71@sh.itjust.works 86 points 2 days ago (14 children)

Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.

[–] Aurenkin@sh.itjust.works 47 points 2 days ago (2 children)

Those penguins are trying to rip off America! It's about time they pay their fair share

[–] jaybone@lemmy.zip 32 points 2 days ago (1 children)

I’ve never once heard a penguin say thank you.

load more comments (1 replies)
load more comments (1 replies)
load more comments (13 replies)
[–] Aurenkin@sh.itjust.works 46 points 1 day ago

All the goods that Trump excempts from tarrifs is tipping his hand. If I were one of these countries like Taiwan where semiconductors are exempted, I would apply an export duty equal to the tarrif on other goods. If you want to tarrif me fine but you're going to have to commit.

[–] Sludgehammer@lemmy.world 76 points 2 days ago (2 children)

and the price of bitcoin dropped 4.4%.

I cannot express how much I hate that this appears in a serious economic article.

[–] 13igTyme@lemmy.world 35 points 2 days ago (8 children)

You don't like hearing about made up currency with no backing that's primarily used for pump and dump schemes and money laundering?

load more comments (8 replies)
load more comments (1 replies)
[–] yagurlreese@lemmy.world 7 points 1 day ago (3 children)

what an absolute bafoon. so devoid of thoughts

load more comments (3 replies)
[–] CileTheSane@lemmy.ca 11 points 1 day ago

So 100% on brand for Trump and America in general

[–] msage@programming.dev 35 points 2 days ago (2 children)

What about Israel? Aren't they sucking you dry? Perhaps add some tariffs there?

load more comments (2 replies)
[–] Naevermix@lemmy.world 19 points 1 day ago (1 children)
load more comments (1 replies)
[–] Dragonstaff@leminal.space 13 points 1 day ago

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

[–] ThraawnSolo@lemmy.dbzer0.com 23 points 1 day ago (2 children)

Is the plan to isolate us?

[–] Jhex@lemmy.world 12 points 1 day ago

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

load more comments
view more: ‹ prev next ›