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.
No basis in logic if he were actually trying to do what he says he is. He’s not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.
A trade world war that wreckz western economies and evens the playing field for Russia, China, Iran, etc. is a good thing! /s