The World Reacts To Trump's Sweeping Tariffs: 'No Basis In Logic'
www.huffpost.com
“Nobody wants a trade war," said one British official.

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.

  • InEnduringGrowStrong@sh.itjust.worksEnglish
    951·
    23 days ago

    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.

    • SarcasticMan@lemmy.worldEnglish
      26·
      23 days ago

      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.