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.

    • ExtantHuman@lemm.ee
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      23 hours ago

      You’re like 6 levels deep into a thread, being vague like this is completely inscrutable.

      • Comtief@lemm.ee
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        21 hours ago

        Oh yeah, I didn’t notice the thread is deeper. I meant lumony, the person I originally responded to. They called Marvel art (which is fine) and called it useless slop or something like that… So clearly we are talking about art as something that needs to have quality. I responded to them that their mistake is thinking that its art (in the sense that it needs to have quality). It’s just entertainment, not all movies need to be citizen Kane or whatever. Is it more clear now or…?