this post was submitted on 03 Apr 2025
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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.

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[–] [email protected] 151 points 1 week ago (5 children)

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.

[–] [email protected] 6 points 1 week ago (1 children)

or something ultra specific that is super easy to source from any other country, to exclusively hurt the american businesses

[–] [email protected] 3 points 1 week ago* (last edited 1 week ago)

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.

[–] [email protected] 4 points 1 week ago

We can only hope.

[–] [email protected] 90 points 1 week ago (5 children)

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.

[–] [email protected] 1 points 1 week ago

Would also save the EU an enormous amount in monitoring and enforcement

[–] [email protected] 4 points 1 week ago

Official EU website hosting American-made media for a nominal fee. Can't tariff data!

[–] [email protected] 1 points 1 week ago

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.

[–] [email protected] 47 points 1 week ago (3 children)

You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.

[–] [email protected] 11 points 1 week ago

Yeah, but think about the grandchildren of the CEO who bought that IP from the artist‽

Do you want them to ~~starve~~ have to work for a living?

[–] [email protected] 32 points 1 week ago (1 children)

Thats still too long imo. Patents are 20 years, so should every IP protection.

[–] [email protected] 9 points 1 week ago (1 children)

If it's good enough for inventors, it's good enough for musicians, writters and software developers.

[–] [email protected] 3 points 1 week ago

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.

[–] [email protected] 6 points 1 week ago

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.

[–] [email protected] 35 points 1 week ago (1 children)

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)

[–] [email protected] 23 points 1 week ago (1 children)

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.

[–] [email protected] 13 points 1 week ago