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.
I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.
I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.
You don’t even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
Thats still too long imo. Patents are 20 years, so should every IP protection.
If it’s good enough for inventors, it’s good enough for musicians, writters and software developers.
Exactly. Especially when you figure in the longer scale up time with an invention. You can’t just flip a switch and start making money.
Yeah, but think about the grandchildren of the CEO who bought that IP from the artist‽
Do you want them to
starvehave to work for a living?deleted by creator
That’s a great plan for letting those mega corps steal from the little guy EVEN more than they already do
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The entities with the established distribution networks will make the money, not the little guy who makes their own little story.
If I write a little seld published novel, under your system, Hollywood can just take that story and make a movie of it without my permission. How is that better? You think more people pirating will take down these mega corps? Your system is chaos that’s even worse than the current model.
They can do so currently by making a couple of minor changes and settling for a pittance because your lawsuit would bankrupt you.
“Chaos” is a better system than one benefitting corporations only.
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Your mistake is thinking that Marvel is art.
Everything done with skill is art. From Citizen Kane to the design of a candy wrapper.
Sure, but that wording becomes detrimental when you only expect high-quality things because that’s what you associate with art, forgetting that there is also entertainment that doesn’t need to be high quality necessarily.
MY wording?
You were the one claiming marvel movies weren’t.
I think a lot of that kind of stuff is going to happen. I don’t think other countries are insulted, as much as they find it ridiculous, and to be ridiculed, I think they’re going to do some inventive chaos. I think we need to be building some world bingo cards, and I’ll bet we won’t guess all the (hopefully hilarious) petty revenges about to snowball.
Official EU website hosting American-made media for a nominal fee. Can’t tariff data!
Would also save the EU an enormous amount in monitoring and enforcement
Of that I am not convinced. This will work with a lot of smaller countries that don’t have much of a copyright portfolio, but not with Europe.
Yes that would be amazing and a great stimulant for EU companies to start developing a competing platform of it’s own (we have BeReal, Dailymotion, Medal and Dumpert, but they aren’t very big AFAIK)
Having Non-US platforms would be nice, yes, But leaving the US-based ones without ad revenue and a shit-ton of users would be nice, too.
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Nice mention of AdNauseam, here is a link:
It’s based on uBlock Origin, so still state of the art in ad-blocking.
Someone needs to create plugins not to block data being sent, but to send inordinate amounts of trash data.
Make the whole system pointless.
or something ultra specific that is super easy to source from any other country, to exclusively hurt the american businesses
or something ultra specific that is super easy to source from any other country, to exclusively hurt the american businesses
That was part of what went into how Canada chose the targets of our first rounds of counter-tariffs.
Product categories that we also make here, or can easily get elsewhere or can comfortably do without for an extended period of time.
That combined with a consumer led boycott of anything "made in the USA " and even staunch Republicans like Mitch McConnell are starting to push back against Trump.
We can only hope.
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.
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?”.
Well see there is just the problem, TERF island needs more toxic masculinity so the men can be tough!
/s
The UK already shot themselves in the foot turning their back on the EU… they have no one left, they are done for
Heads up, UK, the US will use you as a toilet every chance you give it, and we’ve just dropped all pretense, however thin it may have previously been, about caring about our “allies”. Speaking as a US citizen, I would strongly advise against considering yourself a close friend to the US until we get our shit sorted.
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.Call a press conference, build up to announcing the 9000% tariff but then end the conference promising to come back next week and make the announcement.
PEOPLE OF THE UK!
I NEED YOUR ENERGY TO CHARGE THESE TARIFFS! AHHHHHHH \o/
- Order tariffs
- Make everything more expensive for everyone everywhere
- Piss off the entire world and invite countermeasures
- ???
- MAGA
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That whole story assumes the population of the USA will continue to have the capacity to buy stuff… this assumption is ever less likely as the USA is heading into the worst recession they have ever experienced
You have to remember the people doing this are fucking idiots who have convinced themselves they’re smarter than everyone else.
Exactly… Yesterday Trump’s “liberation day” clearly proved this
I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.
Depression.
It’s a depression.
Have we forgotten that he has done this each month since he was Inaugurated?
Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.
It’s deliberate market manipulation.
I am stealing “HitlerPig”
I’ve been using it ever since i heard thats what the younger staffers in the Biden White House called him. I found it simultaneously hilarious, vicious, and accurate. I encourage you and others to use it often.
Agent Krasnov is an acceptsble alternative.
Other suggestions:
Kapo Stephen “PeeWee Himmler” Miller (my favorite)
Steve “Unwiped Asshole” Bannon
Empty G
Lauren Boobert
Big Boobie Bondi
Couchfucker Vance (not very original, but a good reminder)
Gold Digging Whore (the Propaganda Secretary, I can’t be bothered to learn her name)
Traitor also works for all of them. Nazi, too.
D-bag works well enough for my purposes
Sure, whatever works for you.
And we’ll all be destitute for it. Everyone loses when they do this, yes, even they do in the long run. Once nobody can buy a loaf of bread I’m sure we’ll collectively decide right at that moment that the rich actually do taste good and maybe they should pay more in taxes.
“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.
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Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.
Those penguins are trying to rip off America! It’s about time they pay their fair share
I’ve never once heard a penguin say thank you.
Those slovenly penguins dont wear suits, either.
penguins like cheetos. i remember that uh… ‘documentary’. we should send 'em a big giant fat one. no charge. just to say ‘sorry’ for imposing the unfair tariffs on their trade.
Yo this motherfucker put tariffs on Antarctica?!!
Heard Island.jpgOops, wrong one. Still close.
and the price of bitcoin dropped 4.4%.
I cannot express how much I hate that this appears in a serious economic article.
You don’t like hearing about made up currency with no backing that’s primarily used for pump and dump schemes and money laundering?
But arent all fiat currencies made up since there’s no gold standard backing them.
No, they are backed by the economies of the issuing countries.
Gold standard is not viable in a modern economy.
If I can’t pay my taxes with it, it isn’t a real currency.
By that logic you don’t think foreign currencies are real?
Sure they are, as long as foreign nationals pay their own taxes with them.
I pay my taxes with Euros so I guess Mericuhn Dollers are not a real currency
Depends. Do Mericuhns pay their taxes in Dollers?
Bitcoin is primarily used for pump and dump schemes? You mean like the middle step trade between scam crypto and real money?
The price of speculative speculation dropped
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.
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.
He’s preparing for an authoritarian takeover.
Almost every dictator in history enacted massive tariffs so they had a way to control the economy. Loyal businesses are given tariff exemptions while all the other ones are suppressed. That’s what Mussolini did, that’s what Putin did and now it’s what trump does.
I’ll wonder if that “we need guns to defend ourselves against an oppressive government” statement was true.
All the guns on the world won’t do any good against a missile. Gun nuts are just waiting for an excuse to shoot their neighbors. Jokes on them because no gun can save them from getting 🗡 In their sleep or getting their food ☠️.
And the United States won in Vietnam.
He’s trying to destroy the country. Amassing as many bruises as possible is the point.
The village idiot has more guns than the whole village together. So I’m not sure he will accept the bruises.
Until nukes start flying. I pray every day for the light of a thousand suns. We deserve it.
no tariffs on russia, only sanctions?
Don’t worry, they are working on removing those as well.
What about Israel? Aren’t they sucking you dry? Perhaps add some tariffs there?
17% and they’re already crying about it.
Ironically it’s the closest the US has gotten to a BDS policy in its history with Israel.
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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.
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Oh, do you guys think he might be a stupid maniac gosh
shocked_pika thanks for the honest lol
